SAP Knowledge Base Article - Public

2665745 - Error Message When Reversing Balance Carryforward: Period XXX in Fiscal Year YYYY Closed for Closing Step Profit and Loss Calculation of Retained Earning

Symptom

Balance Carryforward Reversal Run has completed with the below error message:

Period XXX in fiscal year YYYY closed for closing step Profit and loss calculation of retained earning

Environment

SAP Business ByDesign

Reproducing the Issue

  1. Go to the General Ledger work center.
  2. Go to the Periodic Tasks View and Balance Carry Forward Sub-view.
  3. Open the Balance Carryforward Reversal Run and click on Log Result.
  4. Go to Messages tab and you can see the below error message.

Period XXX in fiscal year YYYY closed for closing step Profit and loss calculation of retained earning

Cause

The error is due to accounting period of fiscal year YYYY is closed for 020 - Closing entries.

For Balance Carryforward Reversal Run, last accounting period XXX of fiscal year YYYY should be closed for 991 - Profit and loss calculation of retained earning, so that the closing balance will get reversed from the next fiscal year's YYYY+1 first accounting period to current fiscal year YYYY last accounting period.

Resolution

In order to execute the balance carryforward reversal run, you need to perform the below steps:

  1. Go to the General Ledger Work Center.
  2. Go to the Common Tasks -> Open and Close Periods view.
  3. Select the respective Company and Set of Books and press Go.
  4. Choose the row of Accounting Period XXX for Fiscal Year YYYY.
  5. Change the Last Allowed Step to 991 - Profit and loss calculation of retained earning.
  6. Choose Save and Close.

Now you will be able to execute Balance Carryforward Reversal run without this error message.

 

Keywords

Reverse balance carryforward, Profit and loss calculation of retained earning, fiscal year, closing step , KBA , profit and loss calculation of retained , fiscal year , SRD-FIN-GL , General Ledger , Problem

Product

SAP BUSINESS BYDESIGN 1802 ; SAP BUSINESS BYDESIGN 1808 ; SAP BUSINESS BYDESIGN 1811 ; SAP Business ByDesign 1805