Balance carryforward is required for CoCode &1 and ledger &2 in year &3

What causes this issue?

You are making a posting on a fixed asset.
The system ascertains that a balance carryforward has not taken place to
the current fiscal year.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

You must perform a balance carryforward.
<ZH>Example</>
You have an initial company code for which you want to execute a legacy
data transfer at the end of the year. The fiscal year corresponds to the
calendar year. The system should be used productively from 1.1. of the
current fiscal year. You perform the legacy data transfer on 12.31. of
the previous year.
You have made the following settings for your company code: The current
fiscal year (YYYY) is opened, the previous year (fiscal year YYYY-1) is
closed. You have defined the transfer date as 12.31.YYYY-1 for the
legacy data transfer.
The balance carryforward is necessary to carryforward values of the
legacy data transfer from the year YYYY-1 to the current fiscal year
(YYYY).

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.