How To Fix 64294 - Period-end closing for securities account &1 in portfolio &2 required

SAP Error Message - Details

• Message type: E = Error

• Message class: 64 - Treasury Management: Securities

• Message number: 294

• Message text: Period-end closing for securities account &1 in portfolio &2 required

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message 64294 - Period-end closing for securities account &1 in portfolio &2 required ?

  The SAP error message 64294, which states "Period-end closing for securities account &1 in portfolio &2 required," typically occurs in the context of financial accounting and portfolio management within SAP systems. This error indicates that a period-end closing process has not been completed for a specific securities account associated with a portfolio.
  Cause:
  
  Incomplete Period-End Closing: The primary cause of this error is that the period-end closing for the specified securities account has not been executed. This is necessary to ensure that all transactions for the period are finalized and that the account balances are accurate.
  Open Periods: The system may still have open periods that need to be closed before proceeding with further transactions or reporting.
  Configuration Issues: There may be configuration settings in the system that prevent the closing process from being executed correctly.
  
  Solution:
  
  
  Execute Period-End Closing:
  
  Navigate to the appropriate transaction in SAP for executing the period-end closing for securities accounts. This is typically done through the transaction code TPM1 (for Treasury Management) or similar, depending on your specific SAP configuration.
  Ensure that all necessary transactions for the period have been posted before executing the closing.
  
  
  
  Check Open Periods:
  
  Review the periods that are currently open in the system. You can do this by checking the settings in the financial accounting module or the specific portfolio management module.
  Close any open periods that are not needed.
  
  
  
  Review Configuration:
  
  If the issue persists, check the configuration settings related to the securities account and portfolio management. Ensure that all necessary settings are correctly configured to allow for period-end closing.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help files for specific instructions related to your version of SAP and the modules you are using.
  
  
  
  Contact Support:
  
  If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with an SAP expert who can provide guidance based on your specific system setup.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as TPM1 (for Treasury Management), TPM2 (for closing), and others that may be relevant to your specific SAP environment.
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide additional insights or patches that could resolve the issue.
  User Roles and Authorizations: Ensure that the user attempting to perform the period-end closing has the necessary authorizations to execute these transactions.
  
  By following these steps, you should be able to address the error message and complete the necessary period-end closing for the securities account in question.