3396935 - Error Message: Closing of YYYY not Possible. Perform Initiation/Close Run for Lease PQR

While trying to perform the Balance Carryforward and system shows the below error message.

'Closing of YYYY not possible. perform initiation/close run for lease PQR'

(Here PQR represents Lease Contract ID and YYYY represents Year)

SAP Business ByDesign

1. Go to the General Ledger work center.
2. Go to Balance Carryforward view.
3. Open the Balance Carryforward run and click Log Result.
4. Go to the Messages tab and you can see the error message:

'Closing of YYYY not possible. Perform initiation/close run for Lease PQR'

The error is due to Lease contract is not closed and ROU is not retired. Check the status ROU (Right of Use Asset) in the below steps:

1. Go to the Lease Contract Management work center.
2. Go to the Lease Contract and search for Contract ID.
3. Choose Edit tab.
4. Go to Leased Object tab and click on Right of Use Asset.
5. Status is showing as Capitalized.

Follow the below mentioned steps to retire the ROU and close the Lease Contract.

1. Go to the Lease Contract Management work center.
2. Go to the Lease Contract and search for Contract ID.
3. Choose Edit tab.
4. Go to the Payment Schedule tab and select all the lines, in tab Actions -> Set to Manually invoiced.
5. Go to the Actions -> give 'Close' to close the Contract.
6. Now, execute a Closure run to retire the ROU of Lease Contract. 

Balance carry forward run gets executed without any error message.

Lease Posting Run Quick Guide

Lease contract, Closing of not possible. Perform initiation/close run for Lease, Balance carryforward run, Close run , KBA , SRD-FIN-GL , General Ledger , Problem