How To Fix 8B355 - Cancel of NF is not allowed because financial period is closed

SAP Error Message - Details

• Message type: E = Error

• Message class: 8B - Localization (Brazil)

• Message number: 355

• Message text: Cancel of NF is not allowed because financial period is closed

What causes this issue?

The selected invoice has a corresponding Nota Fiscal. Since the
financial period of the original document is not open anymore, it is
not allowed to cancel the Nota Fiscal.
Therefore it is not possible to cancel the selected invoice.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Create a credit note and correct the tax amounts.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 8B355 - Cancel of NF is not allowed because financial period is closed ?

  The SAP error message 8B355 indicates that a cancellation of a Non-Financial (NF) document is not allowed because the financial period has been closed. This typically occurs in the context of financial transactions where certain actions are restricted once the financial period has been finalized.
  Cause:
  
  Closed Financial Period: The primary cause of this error is that the financial period in which the NF document was created has been closed. Once a financial period is closed, no further changes, including cancellations, can be made to documents within that period.
  Configuration Settings: The system may be configured to prevent changes to documents in closed periods to maintain the integrity of financial reporting.
  
  Solution:
  
  
  Open the Financial Period: If it is necessary to cancel the NF document, you may need to open the financial period. This typically requires authorization and should be done with caution, as it can affect financial reporting.
  
  Navigate to the transaction code OB52 (or the relevant transaction for your version of SAP) to manage the financial periods.
  Ensure that you have the necessary permissions to make changes to the financial periods.
  
  
  
  Consult with Finance Team: Before making any changes, consult with your finance team or the responsible personnel to understand the implications of reopening a financial period.
  
  
  Alternative Solutions: If reopening the period is not feasible, consider whether there are alternative ways to address the issue, such as:
  
  Creating a new document to offset the original transaction.
  Using a different transaction type that allows for adjustments without needing to cancel the original document.
  
  
  
  Related Information:
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  FB08: To reverse a financial document (if applicable).
  OB52: To manage financial periods.
  
  
  
  SAP Notes: Check SAP Notes for any specific guidance or updates related to this error message. SAP Notes can provide insights into known issues and recommended practices.
  
  
  User Authorizations: Ensure that you have the necessary authorizations to perform actions related to financial periods and document cancellations.
  
  
  Documentation: Review your organization's policies regarding financial period management and document handling to ensure compliance with internal controls.
  
  
  By following these steps, you should be able to address the error message 8B355 effectively.