How To Fix 62251 - Acct settlement for period & to & is closed

SAP Error Message - Details

• Message type: E = Error

• Message class: 62 - Message Texts for Real Estate

• Message number: 251

• Message text: Acct settlement for period & to & is closed

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message 62251 - Acct settlement for period & to & is closed ?

  The SAP error message 62251, which states "Account settlement for period & to & is closed," typically occurs when you attempt to perform a settlement operation (such as settling costs or revenues) for a period that has already been closed in the system. This can happen in various modules, such as Controlling (CO) or Project System (PS).
  Cause:
  
  Closed Period: The most common cause is that the financial period you are trying to settle has been closed. In SAP, once a period is closed, no further postings or settlements can be made to that period.
  Configuration Settings: The settings in the controlling area or the project may restrict settlements to open periods only.
  Authorization Issues: Sometimes, the user may not have the necessary authorizations to perform settlements in closed periods.
  
  Solution:
  
  
  Check Period Status: Verify the status of the period you are trying to settle. You can do this by checking the period closing settings in the controlling area or the project settings.
  
  Use transaction code OB52 to view and adjust the period status if necessary (if you have the required authorizations).
  
  
  
  Open the Period: If it is necessary to perform the settlement for that period, you may need to temporarily open the period. This should be done with caution and typically requires approval from the finance team.
  
  Again, use transaction code OB52 to open the period for the required account types.
  
  
  
  Perform Settlement in Open Period: If the period cannot be opened, you will need to perform the settlement in the next open period. Adjust your settlement date accordingly.
  
  
  Check Authorizations: Ensure that you have the necessary authorizations to perform the settlement. If not, contact your SAP security team to get the required access.
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  OB52: To manage the open and closed periods.
  KKAO: To perform settlement in CO.
  CJ88: To settle projects in Project System.
  
  
  
  Documentation: Refer to SAP Help documentation for detailed information on period closing and settlement processes.
  
  
  Best Practices: Regularly review and manage your financial periods to avoid issues with settlements. Ensure that all necessary settlements are completed before closing a period.
  
  
  Consult with Finance Team: If you are unsure about opening a closed period or the implications of doing so, consult with your finance or controlling team for guidance.
  
  
  By following these steps, you should be able to resolve the error message 62251 and successfully perform the necessary settlements in SAP.