How To Fix BP862 - Enter a fiscal year that corresponds to the posting date

BP862 - Overview

• Message type: E = Error

• Message class: BP - Budgeting and planning

• Message number: 862

• Message text: Enter a fiscal year that corresponds to the posting date

What causes this issue?

The system automatically determines the fiscal year from the posting
date entered. However, the fiscal year you have entered, &V1&, differs
from the posting date.

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?

Either do not enter a fiscal year or enter the fiscal year that
corresponds to the posting date.

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 BP862 - Enter a fiscal year that corresponds to the posting date ?

  The SAP error message BP862 ("Enter a fiscal year that corresponds to the posting date") typically occurs when there is a mismatch between the fiscal year you are trying to enter and the posting date of the transaction. This error is common in financial transactions where the fiscal year must align with the date of the transaction being recorded.
  
  Cause:
  
  Posting Date Mismatch: The posting date you have entered does not fall within the fiscal year that is currently open in the system.
  Fiscal Year Settings: The fiscal year settings in the system may not be configured correctly, or the fiscal year may have been closed.
  Document Type Restrictions: Certain document types may have restrictions on the fiscal years they can post to.
  
  
  Solution:
  
  
  Check Posting Date: Verify the posting date you are using. Ensure that it falls within the open fiscal year. You can do this by checking the fiscal year settings in the configuration.
  
  
  Open