How To Fix 62267 - Period to be settled &-& has not yet expired

SAP Error Message - Details

• Message type: E = Error

• Message class: 62 - Message Texts for Real Estate

• Message number: 267

• Message text: Period to be settled &-& has not yet expired

What causes this issue?

You want to carry out a full settlement. However, the settlement date
is within the period you want to settle. This is not allowed.

System Response

The full settlement is not carried out.

How to fix this error?

Check your entries for the settlement period and correct the settlement
period you have entered, if necessary.
If you wish to carry out an early final settlement, set the valid-to
date in the selected settlement units accordingly.
The settlement date may lie within the period to be settled if all
participating settlement units have a valid-to date that lies before
the settlement date (current date). This is necessary, for example, if
the business entity to be settled has been sold and a final settlement
must be carried out before year-end.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 62267 - Period to be settled &-& has not yet expired ?

  The SAP error message "62267 Period to be settled &-& has not yet expired" 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 period you are trying to settle has not yet reached its expiration date, meaning that the system does not allow the settlement to proceed.
  Cause:
  
  Settlement Period Not Expired: The primary cause of this error is that the settlement period you are trying to process is still open. In SAP, each period has a defined start and end date, and settlements can only be processed for periods that have closed.
  Configuration Settings: The configuration settings in the controlling area or the specific order type may restrict settlements to only occur in closed periods.
  Posting Periods: The posting periods in the financial accounting module may not be closed, which can affect the ability to settle costs.
  
  Solution:
  
  Check Period Status: Verify the status of the period you are trying to settle. You can do this by checking the period control settings in the controlling module (transaction code: OKP1 or OKP2).
  Close the Period: If the period is still open and you want to proceed with the settlement, you may need to close the period in the system. This can be done through transaction code OB52, where you can manage the open and closed posting periods.
  Adjust Configuration: If necessary, review the configuration settings for the controlling area or the specific order type to ensure that they allow settlements in the desired periods.
  Consult with Finance Team: If you are unsure about closing periods or the implications of doing so, consult with your finance or controlling team to ensure that it aligns with your organization's policies.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  OKP1: Maintain Order Types
  OKP2: Maintain Settlement Profile
  OB52: Open and Close Posting Periods
  
  
  Documentation: Review SAP documentation or help files related to settlement processes and period management for more detailed guidance.
  User Roles: Ensure that you have the necessary authorizations to perform actions related to period closing and settlements.
  
  By following these steps, you should be able to resolve the error and successfully process the settlement. If the issue persists, consider reaching out to your SAP support team for further assistance.