How To Fix CK703 - Release not authorized for period &1 / &2 in company code &3

SAP Error Message - Details

• Message type: E = Error

• Message class: CK - Product Costing Messages

• Message number: 703

• Message text: Release not authorized for period &1 / &2 in company code &3

What causes this issue?

In &v4&, the following was determined:
You want to release materials for the period &V1& / &V2& for company
code &V3&, although releasing has not been allowed.

How to fix this error?

If you have the authorization to do so, you must first of all allow the
release with a costing variant that is provided for in &v4&, as an
organizational measure for the period V1& / &V2& in company code &V3&.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message CK703 - Release not authorized for period &1 / &2 in company code &3 ?

  The SAP error message CK703 "Release not authorized for period &1 / &2 in company code &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 that is not permitted for the specified period in the given company code.
  Cause:
  
  Period Closing: The most common cause of this error is that the financial period for the specified company code has been closed. In SAP, once a period is closed, no further postings or releases can be made for that period.
  Authorization Issues: The user may not have the necessary authorizations to perform the action in the specified period.
  Configuration Settings: There may be specific configuration settings in the controlling module that restrict actions in certain periods.
  
  Solution:
  
  
  Check Period Status:
  
  Go to the transaction code OB52 to check the status of the posting periods for the company code in question. Ensure that the period you are trying to release is open.
  If the period is closed, you may need to open it again if your business processes allow for it. This typically requires authorization from a financial controller or similar role.
  
  
  
  Authorization Check:
  
  Verify that the user has the necessary authorizations to perform the action. This can be checked in transaction SU53 after the error occurs, or by reviewing the user's roles and authorizations in transaction PFCG.
  
  
  
  Consult with Finance Team:
  
  If the period needs to remain closed for compliance or reporting reasons, consult with the finance team to determine if there is an alternative approach to achieve the desired outcome without violating period closing rules.
  
  
  
  Configuration Review:
  
  If the issue persists, review the configuration settings in the controlling module to ensure that there are no restrictions that would prevent the release in the specified period.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB52: To check and manage posting periods.
  CK11N: To create or change cost estimates.
  CK40N: To release cost estimates.
  SU53: To analyze authorization failures.
  
  
  
  Documentation: Refer to SAP Help documentation for detailed information on cost estimates and period management in controlling.
  
  
  Support: If the issue cannot be resolved internally, consider reaching out to SAP support or your internal SAP support team for further assistance.
  
  
  By following these steps, you should be able to identify the cause of the CK703 error and take appropriate action to resolve it.