How To Fix 1G586 - New balancing date &1 < last balancing date &2

SAP Error Message - Details

• Message type: E = Error

• Message class: 1G - BKK: Konditionen

• Message number: 586

• Message text: New balancing date &1 < last balancing date &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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message 1G586 - New balancing date &1 < last balancing date &2 ?

  The SAP error message 1G586 indicates that there is an issue with the balancing dates in a financial transaction or posting. Specifically, the error message states that the new balancing date you are trying to enter is earlier than the last balancing date that has been recorded in the system. This can occur in various financial processes, such as during the posting of journal entries, closing periods, or when trying to adjust balances.
  Cause:
  The primary cause of this error is that the system is enforcing a rule that prevents you from entering a balancing date that is earlier than the last recorded balancing date. This is typically a safeguard to ensure the integrity of financial data and to prevent inconsistencies in reporting.
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check the Last Balancing Date: Review the last balancing date recorded in the system. You can do this by checking the relevant financial documents or reports.
  
  
  Adjust the New Balancing Date: Ensure that the new balancing date you are trying to enter is equal to or later than the last balancing date. If you need to post transactions for earlier dates, you may need to adjust your approach or consult with your finance team.
  
  
  Review Period Closing: If you are trying to post to a closed period, you may need to reopen the period or make adjustments in accordance with your organization's policies.
  
  
  Consult Documentation: Refer to SAP documentation or your organization's internal guidelines for handling balancing dates and financial postings.
  
  
  Seek Help from SAP Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with an SAP expert who can provide more specific guidance based on your system configuration.
  
  
  Related Information:
  
  Transaction Codes: Depending on the context of the error, you may be using transaction codes such as FB50 (General Ledger Account Posting), F-02 (General Posting), or others related to financial postings.
  Configuration Settings: Check the configuration settings in the Financial Accounting (FI) module related to period closing and balancing dates.
  User Authorizations: Ensure that you have the necessary authorizations to post transactions for the specified dates.
  
  By following these steps, you should be able to address the error message and proceed with your financial transactions in SAP.