How To Fix 1G492 - &1: Period to be newly settled

SAP Error Message - Details

• Message type: E = Error

• Message class: 1G - BKK: Konditionen

• Message number: 492

• Message text: &1: Period to be newly settled

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message 1G492 - &1: Period to be newly settled ?

  The SAP error message 1G492 &1: Period to be newly settled typically occurs in the context of settlement processes in SAP, particularly when dealing with internal orders, projects, or cost centers. This error indicates that the system is trying to settle costs for a period that is not open for settlement or is not valid for the current settlement run.
  Cause:
  
  Closed Period: The period you are trying to settle may be closed in the financial accounting settings, meaning no further postings can be made for that period.
  Incorrect Settlement Period: The period specified for settlement may not match the periods defined in the controlling area or may not be valid for the specific object being settled.
  Configuration Issues: There may be configuration settings in the controlling area or the settlement profile that restrict the settlement to certain periods.
  Missing Authorizations: The user may not have the necessary authorizations to perform settlements for the specified period.
  
  Solution:
  
  Check Period Status: Verify the status of the period in the financial accounting (FI) module. Ensure that the period you are trying to settle is open. You can do this by navigating to the transaction code OB52 (for controlling periods) and checking the open periods.
  Adjust Settlement Period: If the period is closed, you may need to adjust the settlement to a valid open period. This can be done by changing the settlement date in the settlement transaction.
  Review Configuration: Check the configuration settings for the controlling area and the settlement profile to ensure that they allow settlements for the desired periods.
  User Authorizations: Ensure that the user executing the settlement has the necessary authorizations to perform the action for the specified period.
  Consult Documentation: Review SAP documentation or consult with your SAP support team for any specific configurations or settings that may be affecting the settlement process.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as KO88 (Order Settlement), KOB1 (Order Line Items), and KSV5 (Settlement Profile).
  SAP Notes: Check for any SAP Notes related to this error message for additional guidance or patches that may address the issue.
  User Forums: Consider visiting SAP community forums or user groups where similar issues may have been discussed, providing insights or solutions from other users.
  
  If the issue persists after following these steps, it may be beneficial to engage with your SAP support team for further investigation and resolution.