How To Fix CK556 - Release for posting period &1 &2 too late

CK556 - Overview

• Message type: E = Error

• Message class: CK - Product Costing Messages

• Message number: 556

• Message text: Release for posting period &1 &2 too late

What causes this issue?

You are attempting to release a standard cost estimate for posting
period &v1& of fiscal year &v2&. In the costing view of the material
master record, it can be seen that a standard cost estimate has been
marked for period &v3& of fiscal year &v4&. However, this period has
already been closed.

System Response

The standard cost estimate for posting period &v1& of fiscal year &v2&
is not released.

How to fix this error?

Create a standard cost estimate for posting period &v1& &v2&.
Mark this standard cost estimate for posting period &v1& &v2&.
Release this standard cost estimate for posting period &v1& &v2&.

Error message extract from SAP system. Copyright SAP SE.

CK556 - Details

• The SAP error message CK556 "Release for posting period &1 &2 too late" typically occurs in the context of controlling (CO) and material management (MM) when trying to post a transaction that is outside the allowed posting period. This error indicates that the system is preventing the posting because the specified period is closed for posting.
  
  Cause:
  
  Closed Posting Period: The most common cause of this error is that the posting period you are trying to use has already been closed in the system. This can happen if the financial period has been closed for accounting purposes.
  Configuration Settings: The settings in the controlling area or company code may restrict postings to certain periods.
  Authorization Issues: Sometimes, users may not have the necessary authorizations to post in certain periods.
  
  
  Solution:
  
  
  Open the Posting Period:
  
  If you have the necessary authorization, you can open the posting period in the configuration settings. This is typically done in the transaction