How To Fix AC518 - The period entered is larger than the number of posting periods

SAP Error Message - Details

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 518

• Message text: The period entered is larger than the number of posting periods

What causes this issue?

You entered period &V1&. This period is larger than the maximum number
of posting periods (&V2&) in fiscal year variant &V3&.

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?

Correct your entry.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AC518 - The period entered is larger than the number of posting periods ?

  The SAP error message AC518 indicates that the period you are trying to post to is larger than the number of posting periods that have been defined in the system. This typically occurs in the context of asset accounting when you attempt to post an asset transaction (like acquisition, transfer, or retirement) to a period that is not open for posting.
  Cause:
  
  Closed Posting Periods: The period you are trying to post to has been closed in the system, meaning that no transactions can be posted to that period.
  Configuration Issues: The number of allowed posting periods may not be configured correctly in the system settings.
  Fiscal Year Variant: The fiscal year variant may not be set up to allow postings in the period you are trying to use.
  
  Solution:
  
  
  Check Posting Periods:
  
  Go to the transaction code OB52 (Change View "Posting Periods": Overview).
  Verify the open and closed periods for the relevant company code and fiscal year. Ensure that the period you are trying to post to is open.
  
  
  
  Adjust Posting Periods:
  
  If the period is closed and you need to post to it, you can temporarily open the period in OB52. However, be cautious with this approach, as it may affect financial reporting.
  
  
  
  Review Fiscal Year Variant:
  
  Check the fiscal year variant settings in transaction code OB29. Ensure that the periods are defined correctly and that the fiscal year variant is assigned to the company code.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about changing posting periods, consult with your finance team or SAP administrator to ensure that any changes made do not violate accounting principles or internal controls.
  
  
  
  Use Correct Period:
  
  If the transaction can be posted in a different open period, consider adjusting the posting date to a valid period.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB52: Change Posting Periods
  OB29: Maintain Fiscal Year Variants
  AS01: Create Asset
  AS02: Change Asset
  AS03: Display Asset
  
  
  
  Documentation: Refer to SAP Help documentation for Asset Accounting for more detailed information on posting periods and fiscal year variants.
  
  
  User Roles: Ensure that you have the necessary authorizations to change posting periods or to post transactions in the asset accounting module.
  
  
  By following these steps, you should be able to resolve the AC518 error and successfully post your asset transactions.