How To Fix 8B474 - Selected period &1 in fiscal year &2 is not closed

SAP Error Message - Details

• Message type: E = Error

• Message class: 8B - Localization (Brazil)

• Message number: 474

• Message text: Selected period &1 in fiscal year &2 is not closed

What causes this issue?

The period selected for the report is not closed. The report can only
be created for closed periods.

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?

Select another period.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 8B474 - Selected period &1 in fiscal year &2 is not closed ?

  The SAP error message 8B474 indicates that the selected period in a specific fiscal year is not closed. This typically occurs when you attempt to perform a financial transaction or reporting activity in a period that has not been finalized or closed in the system.
  Cause:
  
  Open Period: The fiscal period you are trying to access is still open for posting. This means that transactions can still be entered for that period.
  Period Locking: The period may not have been locked for posting, which is a common practice to prevent further entries after a certain point in time.
  Configuration Issues: There may be configuration settings in the financial module that allow for periods to remain open longer than intended.
  
  Solution:
  
  
  Close the Period: If you are sure that no further transactions should be posted in that period, you can close it. This is typically done by:
  
  Navigating to the Financial Accounting module.
  Going to Period Closing and selecting the appropriate option to close the period.
  Ensure that all necessary postings for that period have been completed before closing.
  
  
  
  Check Configuration: Review the configuration settings for the fiscal year and periods to ensure they are set up correctly. This can be done in the Financial Accounting settings under Fiscal Year Variant.
  
  
  Consult with Finance Team: If you are unsure about closing the period or if there are pending transactions, consult with your finance team or the person responsible for financial reporting.
  
  
  Use Transaction Codes: You can use transaction codes like OB52 (to maintain the posting periods) to check and adjust the open/closed status of periods.
  
  
  Related Information:
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  OB52: To maintain the open and closed periods.
  F.01: For financial statements.
  F.16: For closing the fiscal year.
  
  
  
  Documentation: Refer to SAP documentation or help files for detailed steps on closing periods and managing fiscal year settings.
  
  
  User Roles: Ensure that you have the necessary authorizations to close periods or make changes to the fiscal year settings.
  
  
  By following these steps, you should be able to resolve the error message 8B474 and manage your fiscal periods effectively in SAP.