How To Fix 67_LOAN702 - The posting date is in a period that is already archived

SAP Error Message - Details

• Message type: E = Error

• Message class: 67_LOAN - Messages for Fin. Asset Management for Loans - Continued

• Message number: 702

• Message text: The posting date is in a period that is already archived

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message 67_LOAN702 - The posting date is in a period that is already archived ?

  The SAP error message 67_LOAN702 indicates that the posting date of a transaction falls within a period that has already been archived. This typically occurs in financial modules where transactions are time-sensitive and must be recorded in specific periods.
  Cause:
  
  Archived Period: The posting date of the transaction you are trying to process is within a fiscal period that has already been archived. Archiving is a process in SAP that moves data from the database to a storage medium to improve performance and manage data volume.
  Configuration Settings: The system may be configured to prevent postings in archived periods to maintain data integrity and compliance with accounting standards.
  
  Solution:
  
  Check Posting Date: Verify the posting date of the transaction you are trying to process. Ensure that it falls within an open period that has not been archived.
  Change Posting Date: If possible, adjust the posting date to a valid period that is open for posting.
  Unarchive Period: If you need to post in the archived period, you may need to unarchive the period. This typically requires administrative access and should be done with caution, as it can affect data integrity.
  
  Consult with your SAP Basis or system administrator to understand the implications and process for unarchiving.
  
  
  Review Configuration: Check the configuration settings in the financial module to ensure that they align with your business processes and requirements. This may involve reviewing the fiscal year variant and posting periods.
  
  Related Information:
  
  Archiving Process: Understand the archiving process in SAP, including how and when periods are archived. This can help in planning future postings.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  SARA: For managing archiving objects.
  OB52: For managing posting periods.
  
  
  Documentation: Refer to SAP documentation or help resources for detailed information on handling archived periods and posting transactions.
  
  Best Practices:
  
  Regularly review and manage your posting periods to avoid issues with archived periods.
  Communicate with your finance team to ensure that all necessary transactions are posted before archiving periods.
  Maintain a clear understanding of your organization's archiving policies and procedures.
  
  If the issue persists after trying the above solutions, consider reaching out to your SAP support team for further assistance.