3657413 - Cancellation of Clearing not possible

A clearing document should be reversed in the account monitor of a customer/supplier, but this is not possible due to this error:

"You cannot cancel this clearing document because the posting date of it is in a fiscal year that is already closed."

SAP Business ByDesign

The posting date of the clearing document which should be cancelled is in a fiscal year that is closed.

The posting date of the cancellation (current year), would be used for the Journal Entry in General Ledger. However, the original invoice will again become an open item, because the clearing has been canceled. The Tax Due Date will be taken from the original (initial) clearing document. This will cause an open tax item in a closed fiscal year. Furthermore, the subledgers Receivables/Payables would be updated in the closed fiscal year. 

For a closed fiscal year this is not allowed from a legal point of view. Therefore, the error message is correct.

Instead of reversing the clearing a new document must be created depending on the issue.

• An option can be to create a New Charge/Credit in account monitor for a customer/supplier and these then need to be cleared against another document or paid manually.
• If a customer down payment process is affected, a possible solution could be to create a credit memo for the final invoice. The down payment amount will be reimbursed to the customer. A new customer invoice will then be created.

Clearing, Cancel, Cancellation, reverse, reversed, account monitor, closed fiscal year,  , KBA , SRD-FIN-ACR , Receivables , SRD-FIN-ACP , Payables , Problem