How To Fix 1I035 - Posting to prior period or cancellation, recon.key &2 closed in bk.area&1

SAP Error Message - Details

• Message type: E = Error

• Message class: 1I - BCA: General Ledger Integration

• Message number: 035

• Message text: Posting to prior period or cancellation, recon.key &2 closed in bk.area&1

What causes this issue?

Postings were made in former account or a previous program run was
terminated. Reconciliation key &V2& in bank area &V1& was open and has
now been closed. The data from this program run can only now be
transferred to the general ledger.

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?

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 1I035 - Posting to prior period or cancellation, recon.key &2 closed in bk.area&1 ?

  The SAP error message 1I035 indicates that there is an attempt to post a transaction to a prior period or to cancel a transaction in a closed accounting period. This error typically arises when you try to post a document or make a cancellation in a period that has already been closed in the specified company code or accounting area.
  Cause:
  
  Closed Period: The accounting period you are trying to post to has been closed. This means that no further postings can be made to that period.
  Cancellation Attempt: You may be trying to cancel a document that was posted in a closed period.
  Configuration Settings: The settings in the financial accounting configuration may restrict postings to prior periods.
  
  Solution:
  
  
  Open the Period: If it is necessary to post to the prior period, you can open the period in the configuration settings. This is done through the transaction code OB52. However, this should be done with caution and typically requires authorization.
  
  Navigate to OB52.
  Select the appropriate company code and fiscal year.
  Adjust the period status to allow postings.
  
  
  
  Post in Current Period: If the posting is not critical for the prior period, consider posting the transaction in the current period instead.
  
  
  Use Special Transactions: If you need to make adjustments for prior periods, consider using special transactions like Year-End Closing or Adjustment Entries that are designed for such scenarios.
  
  
  Consult with Finance Team: If you are unsure about the implications of opening a closed period or making adjustments, consult with your finance team or SAP administrator.
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  OB52: To manage posting periods.
  FB08: To reverse a document.
  F.01: To check financial statements and postings.
  
  
  
  Authorization: Ensure that you have the necessary authorizations to make changes to posting periods or to perform reversals.
  
  
  Documentation: Refer to SAP documentation or your organization's internal guidelines for handling postings and period closures.
  
  
  Impact on Financial Reporting: Be aware that opening closed periods or making adjustments can impact financial reporting and should be done in compliance with your organization's accounting policies.
  
  
  Always ensure that any changes made to the posting periods are documented and communicated to relevant stakeholders to maintain the integrity of financial data.