How To Fix 1E467 - Caution: Reference account is planned for closure on &1

SAP Error Message - Details

• Message type: E = Error

• Message class: 1E - BCA: Account

• Message number: 467

• Message text: Caution: Reference account is planned for closure on &1

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message 1E467 - Caution: Reference account is planned for closure on &1 ?

  The SAP error message 1E467 with the caution "Reference account is planned for closure on &1" typically indicates that a financial account (such as a cost center, internal order, or profit center) is scheduled to be closed on a specific date. This can prevent further postings or transactions from being made to that account.
  Cause:
  
  Scheduled Closure: The reference account has been marked for closure, meaning that it will no longer be available for transactions after the specified date (&1).
  Financial Period End: The account may be part of a financial period that is being closed, which is a common practice in financial accounting to ensure that no further entries are made to that period.
  Configuration Settings: The account may have been configured in such a way that it is set to close automatically after a certain date.
  
  Solution:
  
  Check Closure Date: Review the closure date indicated in the error message. If the date has not yet passed, you may still be able to post transactions to the account.
  Post Before Closure: If you need to make a posting to the account, ensure that it is done before the closure date.
  Change Closure Status: If it is necessary to continue using the account beyond the closure date, you may need to change the account's status in the configuration settings. This typically requires authorization and should be done in accordance with your organization's financial policies.
  Consult with Finance Team: If you are unsure about the implications of changing the closure status or if you need to make an exception, consult with your finance or accounting team for guidance.
  Review Configuration: If this is a recurring issue, review the configuration settings for the account to ensure that it aligns with your business processes.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as OB52 (to manage posting periods) or KSV5 (to manage cost centers) to check or change the status of the account.
  Documentation: Refer to SAP documentation or your organization's internal guidelines for managing account closures and postings.
  User Authorizations: Ensure that you have the necessary authorizations to make changes to account statuses or to post transactions.
  
  Always ensure that any changes made are in compliance with your organization's financial policies and procedures.