SAP Knowledge Base Article - Public

3234937 - Error Closed fiscal year is not allowed to be higher than current fiscal year - S/4HANA CLOUD

Symptom

While closing fiscal year in Asset accounting the following error is raised:

Closed fiscal year is not allowed to be higher than current fiscal year

Message no. FAA_CMP080

Environment

SAP S/4HANA Cloud

Reproducing the Issue

  1. Open App Make Company code settings
  2. Enter ledger view
  3. Enter Edit mode
  4. Select all depreciation areas
  5. Hit 'Close'
  6. Error raised

Cause

Within the App Make Company code settings the field 'Highest F.Year' is the same as the field 'Cl.FY'. It means that there is no open fiscal year which could be closed.

Resolution

In case the next fiscal year need to be closed, the job Balance Carryforward must be executed for the company code first from the App Schedule General Ledger Jobs.

Then the field 'Highest F.Year' will change to YYYY+1, and the closing process can be executed.

See Also

Balance Carryforward

Keywords

Closed fiscal year is not allowed to be higher than current fiscal year, FAA_CMP080, FAA_CMP 080, not allowed to be higher, Make Company Code settings, FAA_CMP , KBA , FI-AA-AA-A , Master Data , FI-AA-AA-A-2CL , Master Data (Public Cloud) , How To

Product

SAP S/4HANA Cloud Public Edition all versions ; SAP S/4HANA Cloud all versions