How To Fix 1E347 - Posting date &1 is before the date of the balance transfer &2

SAP Error Message - Details

• Message type: E = Error

• Message class: 1E - BCA: Account

• Message number: 347

• Message text: Posting date &1 is before the date of the balance transfer &2

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message 1E347 - Posting date &1 is before the date of the balance transfer &2 ?

  The SAP error message 1E347 indicates that there is an issue with the posting date of a transaction being earlier than the date of a balance transfer. This typically occurs in financial accounting when you attempt to post a transaction that is dated before a balance transfer has been executed.
  Cause:
  The error arises due to the following reasons:
  
  Posting Date: The posting date you are trying to use for the transaction is earlier than the date of a balance transfer that has already been processed.
  Balance Transfer: A balance transfer is a process that usually occurs at the end of a financial period, where balances are moved from one account to another. Once this transfer is executed, any postings with dates prior to the transfer date may be restricted to maintain the integrity of financial data.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Posting Date: Review the posting date of the transaction you are trying to process. Ensure that it is not earlier than the balance transfer date.
  
  
  Adjust Posting Date: If the posting date is indeed earlier, you will need to change it to a date that is on or after the balance transfer date.
  
  
  Review Balance Transfer Date: If you believe the balance transfer date is incorrect, you may need to review the balance transfer process and ensure that it was executed correctly. However, be cautious with this approach, as changing historical data can have significant implications.
  
  
  Consult with Finance Team: If you are unsure about the correct dates or the implications of changing them, consult with your finance or accounting team to ensure compliance with financial regulations and internal policies.
  
  
  Transaction Type: Ensure that the type of transaction you are trying to post is appropriate for the period you are working in. Some transactions may have specific restrictions based on the financial period.
  
  
  Related Information:
  
  Transaction Codes: You may want to check transaction codes related to balance transfers, such as F.01 (Financial Statement) or F.16 (Balance Transfer).
  SAP Notes: Look for SAP Notes related to this error message for any specific patches or updates that may address this issue.
  Documentation: Review SAP documentation regarding financial postings and balance transfers to understand the rules and restrictions that apply.
  
  By following these steps, you should be able to resolve the error and successfully post your transaction.