How To Fix CK341 - Releasing has not yet been allowed for posting period &2 &3

SAP Error Message - Details

• Message type: E = Error

• Message class: CK - Product Costing Messages

• Message number: 341

• Message text: Releasing has not yet been allowed for posting period &2 &3

What causes this issue?

You are attempting to <DS:GLOS.release>release</> a standard cost
estimate for the period &v2& of fiscal year &v3&, but authorization for
release has not yet been given.

System Response

The standard cost estimate is not released.

How to fix this error?

In the Product Cost Planning menu, choose <LS>Material costing ->
Organizational Measures -> Allow Release</> and allow the release for
company code &v1& of period &v2& of fiscal year &v3&.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message CK341 - Releasing has not yet been allowed for posting period &2 &3 ?

  The SAP error message CK341, which states "Releasing has not yet been allowed for posting period &2 &3," typically occurs in the context of controlling (CO) and material management (MM) when trying to release a cost estimate or perform a related action in a period that has not been opened for posting.
  Cause:
  
  Closed Posting Period: The most common cause of this error is that the posting period for the specified month and year (represented by &2 and &3 in the error message) is closed. In SAP, each fiscal year is divided into posting periods, and if a period is closed, no transactions can be posted to it.
  Configuration Settings: The configuration settings in the controlling module may restrict the release of cost estimates or other related activities for certain periods.
  Authorization Issues: Sometimes, the user may not have the necessary authorizations to perform actions in a closed period.
  
  Solution:
  
  
  Open the Posting Period:
  
  Navigate to the transaction code OB52 (or use the appropriate path in your SAP GUI).
  Check the settings for the relevant company code and fiscal year.
  If necessary, open the posting period for the required month and year to allow the release of the cost estimate.
  
  
  
  Check Configuration:
  
  Review the configuration settings in the controlling module to ensure that the release of cost estimates is allowed for the desired periods.
  This may involve checking the settings in the controlling area or the specific cost object.
  
  
  
  User Authorizations:
  
  Ensure that the user has the necessary authorizations to perform the action in the specified period. This may involve checking user roles and permissions.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about opening a posting period or the implications of doing so, consult with your finance or controlling team to ensure compliance with accounting policies.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  CK11N: Create Cost Estimate
  CK40N: Release Cost Estimate
  OB52: Open/Close Posting Periods
  
  
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or updates related to this error message.
  Documentation: Review SAP documentation related to controlling and cost management for best practices on managing posting periods and cost estimates.
  
  By following these steps, you should be able to resolve the CK341 error and proceed with your cost estimate release or related activities.