Bal. carryfwrd for ledger &1 CoCode &2 not possible (migration to New GL)

What causes this issue?

For company code &V2& in ledger &V1&, there is a migration plan for new
General Ledger Accounting with migration date &V3& in fiscal year &V4&.
Consequently, the balance carryforward program cannot be run for fiscal
year &V4& or for any fiscal years preceding it.

System Response

Processing is terminated.

How to fix this error?

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

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.