How To Fix 5E034 - Entry to a future fiscal year (&) is not allowed.

SAP Error Message - Details

• Message type: E = Error

• Message class: 5E - Error messages for Spanish infotypes module pools

• Message number: 034

• Message text: Entry to a future fiscal year (&) is not allowed.

What causes this issue?

For the income and employment tax deduction declaration you have
entered a future fiscal year.

System Response

Error message.

How to fix this error?

Please enter a valid fiscal year (past or present).

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 5E034 - Entry to a future fiscal year (&) is not allowed. ?

  The SAP error message 5E034 ("Entry to a future fiscal year (&) is not allowed") typically occurs when a user attempts to post a transaction in a fiscal year that is not yet open for posting in the system. This is a common issue in financial modules of SAP, particularly in the context of General Ledger (G/L) accounting.
  Cause:
  
  Closed Fiscal Year: The fiscal year you are trying to post to is not open. SAP allows postings only in the current or previously opened fiscal years.
  Configuration Settings: The fiscal year settings in the system may not allow postings to future periods.
  Posting Date: The posting date of the transaction is set to a date in a future fiscal year that has not been opened for posting.
  
  Solution:
  
  
  Check Fiscal Year Settings:
  
  Go to the transaction code OB52 (Change View "Periods": Overview).
  Verify the open and closed periods for the relevant company code and fiscal year. Ensure that the fiscal year you are trying to post to is open.
  
  
  
  Adjust Posting Date:
  
  If the posting date is set to a future date, change it to a date within the open fiscal year or a previous fiscal year.
  
  
  
  Open Future Fiscal Year:
  
  If you need to post to a future fiscal year, you may need to open that fiscal year in the system. This can be done in the same transaction (OB52) by adjusting the period settings.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about the implications of opening a future fiscal year, consult with your finance or accounting team to ensure compliance with your organization's policies.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB52: To manage the open and closed periods for posting.
  FB50: To post G/L entries.
  FBL3N: To display G/L account line items.
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may provide additional context or solutions for specific scenarios related to this error.
  
  
  Documentation: Review SAP documentation regarding fiscal year settings and posting periods for more detailed guidance.
  
  
  By following these steps, you should be able to resolve the error message 5E034 and successfully post your transactions.