How To Fix 62692 - Company code & is not in last posting period

SAP Error Message - Details

• Message type: E = Error

• Message class: 62 - Message Texts for Real Estate

• Message number: 692

• Message text: Company code & is not in last posting period

What causes this issue?

The company code &v1& is not in the last posting period of the fiscal
year. The settlement of the input tax adjustment is only possible in
the last posting period of the current fiscal year.

System Response

The system stops further processing.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 62692 - Company code & is not in last posting period ?

  The SAP error message "62692 Company code & is not in last posting period" typically occurs when you attempt to post a transaction in a company code that is not open for posting in the last period of the fiscal year. This error is a safeguard to prevent users from making entries in a closed period, which could lead to inconsistencies in financial reporting.
  Cause:
  
  Closed Posting Period: The company code you are trying to post to has its last posting period closed. This means that no further transactions can be recorded for that period.
  Configuration Settings: The posting period settings in the financial accounting module (FI) may not allow postings to the last period for the specified company code.
  Fiscal Year Variant: The fiscal year variant assigned to the company code may have been configured to restrict postings in the last period.
  
  Solution:
  
  
  Check Posting Periods:
  
  Go to the transaction code OB52 (Change Posting Periods).
  Verify the posting period settings for the relevant company code. Ensure that the period you are trying to post to is open.
  
  
  
  Open the Last Posting Period:
  
  If necessary, you can temporarily open the last posting period for the company code. This should be done with caution and typically requires authorization.
  In transaction OB52, adjust the date range to include the last posting period.
  
  
  
  Review Fiscal Year Variant:
  
  Check the fiscal year variant assigned to the company code in transaction OB29. Ensure that the settings allow for the desired postings.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about making changes to posting periods, consult with your finance team or SAP administrator to ensure compliance with accounting policies.
  
  
  
  Use Special Transactions:
  
  If you need to make adjustments for prior periods, consider using special transactions like adjustment postings or year-end closing entries that are designed for such scenarios.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OB52: Change Posting Periods
  OB29: Define Fiscal Year Variants
  
  
  SAP Notes: Check for any relevant SAP Notes that may provide additional guidance or updates related to this error message.
  Documentation: Review SAP documentation on posting periods and fiscal year settings for a deeper understanding of how these configurations work.
  
  Important Considerations:
  
  Always ensure that any changes to posting periods are in line with your organization's accounting policies and procedures.
  Be cautious when opening periods, as this can affect financial reporting and compliance.