How To Fix 64855 - Period-end closing must be executed on key date first

SAP Error Message - Details

• Message type: E = Error

• Message class: 64 - Treasury Management: Securities

• Message number: 855

• Message text: Period-end closing must be executed on key date first

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message 64855 - Period-end closing must be executed on key date first ?

  The SAP error message 64855, "Period-end closing must be executed on key date first," typically occurs in the context of financial closing processes within SAP. This error indicates that a necessary prerequisite step has not been completed before attempting to execute a period-end closing operation.
  Cause:
  The error arises when the system detects that the period-end closing process has not been executed for the specified key date. This key date is usually the last day of the previous period, and the system requires that all necessary closing activities for that period be completed before moving on to the next period.
  Solution:
  To resolve this error, follow these steps:
  
  
  Identify the Key Date: Determine the key date for which the period-end closing needs to be executed. This is typically the last day of the previous accounting period.
  
  
  Execute Period-End Closing: 
  
  Navigate to the appropriate transaction for period-end closing in your SAP system (e.g., transaction code MMPV for materials management or OB52 for financial accounting).
  Execute the period-end closing process for the identified key date. Ensure that all necessary steps are completed, including closing any open periods and performing any required reconciliations.
  
  
  
  Check for Open Items: Ensure that there are no open items or transactions that need to be processed before the closing can be completed. This may include clearing accounts, processing invoices, or completing any necessary journal entries.
  
  
  Retry the Operation: After successfully executing the period-end closing for the key date, retry the operation that initially triggered the error.
  
  
  Related Information:
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes for period-end closing, such as:
  
  MMPV: Change Posting Periods
  OB52: Maintain Posting Periods
  F.01: Financial Statement
  F.16: Execute Closing Operations
  
  
  
  Documentation: Review SAP documentation or help files related to period-end closing processes for your specific module (e.g., FI, CO, MM) to understand the steps and requirements.
  
  
  User Roles and Authorizations: Ensure that you have the necessary permissions to execute period-end closing transactions. If you lack the required authorizations, contact your SAP administrator.
  
  
  Consulting with Colleagues: If you are unsure about the closing process or the specific steps required, consult with colleagues or your finance team who are familiar with the period-end closing procedures in your organization.
  
  
  By following these steps, you should be able to resolve the error and successfully complete the period-end closing process.