How To Fix 64856 - Period-end closing was executed after key date

SAP Error Message - Details

• Message type: E = Error

• Message class: 64 - Treasury Management: Securities

• Message number: 856

• Message text: Period-end closing was executed after key date

Self-Explanatory Message

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• What is the cause and solution for SAP error message 64856 - Period-end closing was executed after key date ?

  The SAP error message 64856, which states "Period-end closing was executed after key date," typically occurs when a user attempts to perform a transaction or access data that is restricted due to the period-end closing process already being executed for a specific period. This error is common in financial modules where period-end closing is critical for ensuring accurate financial reporting.
  Cause:
  
  Period-End Closing Executed: The primary cause of this error is that the period-end closing process has already been completed for the specified period, and any further transactions or changes are restricted.
  Key Date: The key date refers to the date after which no further postings can be made for that period. If a user tries to post or change data after this date, the system will trigger this error.
  Configuration Settings: The settings in the financial module may restrict postings after the period-end closing has been executed.
  
  Solution:
  
  Check the Key Date: Verify the key date for the period you are trying to post to. Ensure that you are not attempting to make changes or postings after this date.
  Reopen the Period: If necessary, and if you have the appropriate permissions, you can reopen the period in the system. This typically involves:
  
  Navigating to the period closing transaction (e.g., transaction code OB52).
  Adjusting the period settings to allow postings for the required period.
  
  
  Consult with Finance Team: If you are not authorized to reopen the period, consult with your finance or accounting team. They may need to assess whether reopening the period is appropriate based on business requirements.
  Review Configuration: If this error occurs frequently, it may be worth reviewing the configuration settings related to period-end closing to ensure they align with business processes.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  OB52: To manage the posting periods.
  F.01: To run financial reports.
  
  
  Documentation: Review SAP documentation or help files related to period-end closing processes for your specific module (e.g., FI, CO).
  User Roles and Permissions: Ensure that users have the appropriate roles and permissions to perform actions related to period-end closing.
  
  Best Practices:
  
  Plan Period-End Closings: Ensure that all users are aware of the period-end closing schedule to minimize disruptions.
  Communicate Changes: If periods need to be reopened, communicate this clearly to all stakeholders to avoid confusion.
  Training: Provide training for users on the implications of period-end closing and how to handle related transactions.
  
  By following these steps, you should be able to address the error message 64856 effectively.