How To Fix CK763 - Company code &1: period closing has not yet taken place

SAP Error Message - Details

• Message type: E = Error

• Message class: CK - Product Costing Messages

• Message number: 763

• Message text: Company code &1: period closing has not yet taken place

What causes this issue?

In company code &v1&, period &v3& fiscal year &v2& is still active.
This period is not the same as current period &v4&.

How to fix this error?

Carry out <DS:GLOS.period_closing>period closing</> with the current
period &v4&:
<DS:TRAN.MMPV>Period closing program</>

Error message extract from SAP system. Copyright SAP SE.

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• What is the cause and solution for SAP error message CK763 - Company code &1: period closing has not yet taken place ?

  The SAP error message CK763 indicates that the period closing for a specific company code has not yet been completed. This error typically arises when you attempt to perform certain activities, such as posting transactions or executing reports, that require the financial period to be closed.
  Cause:
  
  Open Period: The financial period for the specified company code is still open, meaning that transactions can still be posted to that period.
  Period Closing Not Executed: The necessary period-end closing activities have not been performed, which may include closing the financial period in the controlling module (CO) or the financial accounting module (FI).
  Configuration Issues: There may be configuration settings in the controlling area or company code that prevent the period from being closed.
  
  Solution:
  
  
  Check Period Status:
  
  Go to the transaction code OB52 (Maintain Table for Posting Periods) to check the status of the posting periods for the relevant company code.
  Ensure that the period you are trying to post to is closed.
  
  
  
  Perform Period Closing:
  
  If the period is still open, you need to perform the necessary closing activities. This typically involves running the period-end closing processes in both FI and CO.
  Use transaction codes like CK40N (Product Costing) or F.01 (Financial Statements) to execute the closing processes.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about the closing process or if you do not have the necessary authorizations, consult with your finance or controlling team to ensure that the period closing is performed correctly.
  
  
  
  Review Configuration:
  
  If the issue persists, review the configuration settings in the controlling area and company code to ensure that they are set up correctly for period closing.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OB52: Maintain Posting Periods
  CK40N: Product Costing
  F.01: Financial Statements
  
  
  Documentation: Refer to SAP Help documentation for detailed steps on period closing processes in both FI and CO modules.
  User Roles: Ensure that the user attempting to perform the action has the necessary authorizations to execute period closing activities.
  
  By following these steps, you should be able to resolve the CK763 error and successfully close the financial period for the specified company code.