How To Fix 1G024 - No valid period is available for posting date &1

SAP Error Message - Details

• Message type: E = Error

• Message class: 1G - BKK: Konditionen

• Message number: 024

• Message text: No valid period is available for posting date &1

What causes this issue?

No valid period could be assigned for account &v3& to posting date &v1&
and to balancing type &v2&.

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?

Check the posting date or if the account already existed at the
appropriate point in time.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 1G024 - No valid period is available for posting date &1 ?

  The SAP error message 1G024: No valid period is available for posting date &1 typically occurs when you attempt to post a transaction in a period that is either closed or not open for posting in the system. This can happen in various modules, such as Financial Accounting (FI) or Controlling (CO), where specific periods are defined for posting transactions.
  Cause:
  
  Closed Posting Period: The posting period for the date you are trying to use is closed. This is common at the end of a fiscal year or month when the accounting periods are closed to prevent further postings.
  Period Not Open: The period may not be open for the specific company code or controlling area you are working with.
  Configuration Issues: There may be configuration settings in the system that restrict posting to certain periods.
  User Authorization: The user may not have the necessary authorization to post in the specified period.
  
  Solution:
  
  
  Check Posting Periods:
  
  Go to the transaction code OB52 (Change View "Posting Periods": Overview).
  Check the settings for the relevant company code and ensure that the period for the posting date is open.
  If the period is closed, you may need to open it temporarily to allow the posting.
  
  
  
  Adjust Configuration:
  
  If you have the necessary permissions, you can adjust the configuration to open the period. However, this should be done with caution and typically requires approval from the finance department.
  
  
  
  Use a Valid Posting Date:
  
  If the period cannot be opened, consider using a valid posting date that falls within an open period.
  
  
  
  Check User Authorizations:
  
  Ensure that the user has the necessary authorizations to post in the desired period. This can be checked with your SAP security administrator.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about opening periods or making changes, consult with your finance team or SAP administrator to ensure compliance with accounting policies.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB52: To check and change posting periods.
  FB01: To post a document.
  FBL1N: To view vendor line items (if applicable).
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or solutions related to this error message.
  
  
  Documentation: Review SAP documentation on posting periods and fiscal year settings for more detailed information on how to manage posting periods effectively.
  
  
  By following these steps, you should be able to resolve the error message 1G024 and successfully post your transactions.