How To Fix 60579 - Settlement period & & not defined

SAP Error Message - Details

• Message type: E = Error

• Message class: 60 - Real Estate

• Message number: 579

• Message text: Settlement period & & not defined

What causes this issue?

No from-to date has been defined for the account settlement period..

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 60579 - Settlement period & & not defined ?

  The SAP error message 60579, which states "Settlement period & & not defined," 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 cannot find a defined settlement period for the specified criteria, which can prevent the settlement process from completing successfully.
  Cause:
  
  Missing Settlement Period Definition: The most common cause is that the settlement period for the specified fiscal year and period has not been defined in the system.
  Incorrect Configuration: There may be an issue with the configuration settings in the controlling (CO) module, particularly related to the settlement profiles or periods.
  Fiscal Year Variant Issues: The fiscal year variant assigned to the controlling area or the specific order may not have the required periods defined.
  Incorrect Master Data: The master data for the order, project, or cost center may not be set up correctly, leading to the error.
  
  Solution:
  
  
  Define Settlement Periods:
  
  Go to the transaction code OKO7 (or navigate through the menu: Controlling -> Internal Orders -> Period-End Closing -> Settle Orders -> Define Settlement Periods).
  Check if the settlement periods for the relevant fiscal year are defined. If not, create the necessary entries.
  
  
  
  Check Configuration:
  
  Review the configuration settings for the settlement profile assigned to the order or project. Ensure that the correct periods are included.
  Use transaction code OKO1 to check the settlement profile settings.
  
  
  
  Verify Fiscal Year Variant:
  
  Ensure that the fiscal year variant assigned to the controlling area is correctly set up. You can check this in transaction code OB29.
  Make sure that the periods for the fiscal year variant are defined correctly.
  
  
  
  Review Master Data:
  
  Check the master data for the internal order, project, or cost center to ensure that it is correctly configured and that the settlement profile is assigned.
  
  
  
  Consult Documentation: If the issue persists, refer to SAP documentation or consult with your SAP support team for further assistance.
  
  
  Related Information:
  
  Transaction Codes:
  
  OKO7: Define Settlement Periods
  OKO1: Define Settlement Profile
  OB29: Maintain Fiscal Year Variants
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to this error message.
  User Roles: Ensure that you have the necessary authorizations to make changes to the configuration settings.
  
  By following these steps, you should be able to resolve the error message 60579 and successfully complete the settlement process in SAP.