How To Fix CKMLSENDPRICE705 - Invalid posting period &1/&2

SAP Error Message - Details

• Message type: E = Error

• Message class: CKMLSENDPRICE - Send Material Price

• Message number: 705

• Message text: Invalid posting period &1/&2

What causes this issue?

The price changes in periods &v1&/&v2& cannot be posted in the
receiving system. You can only make postings in the current period, the
previous period or the last period of the previous year.

System Response

The prices were not changed

How to fix this error?

Enter a different posting date for the revaluation postings in the
receiver system.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message CKMLSENDPRICE705 - Invalid posting period &1/&2 ?

  The SAP error message CKMLSENDPRICE705, which states "Invalid posting period &1/&2," typically occurs in the context of Material Ledger (ML) and is related to the posting periods for financial transactions. This error indicates that the system is trying to post a transaction in a period that is either closed or not open for posting.
  Cause:
  
  Closed Posting Period: The posting period specified in the error message is closed for posting. This can happen if the financial period has been closed in the controlling or financial accounting module.
  Incorrect Configuration: The configuration settings for the posting periods in the Material Ledger may not align with the periods defined in Financial Accounting (FI) or Controlling (CO).
  Transaction Timing: The transaction being processed may be attempting to post to a period that is not valid based on the current date or the defined posting periods.
  
  Solution:
  
  
  Check Posting Periods:
  
  Go to the transaction code OB52 (or the relevant configuration transaction) to check the status of the posting periods for the relevant company code and controlling area.
  Ensure that the posting period indicated in the error message is open for posting.
  
  
  
  Adjust Posting Periods:
  
  If the period is closed and you need to post to it, you may need to temporarily open the period in the configuration settings. However, be cautious with this approach as it may affect financial reporting.
  
  
  
  Review Configuration:
  
  Ensure that the configuration for the Material Ledger and Financial Accounting is consistent. Check the settings in Transaction OML2 for the Material Ledger and ensure they align with the periods defined in FI/CO.
  
  
  
  Check Transaction Dates:
  
  Verify the date of the transaction being processed. If the transaction date falls within a closed period, you may need to adjust the transaction date or process it in an open period.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about making changes to posting periods, consult with your finance or controlling team to ensure compliance with accounting policies.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OB52: Change Posting Periods
  CKMLCP: Material Ledger Closing
  CKM3N: Display Material Ledger Document
  
  
  Documentation: Refer to SAP Help documentation for Material Ledger and Financial Accounting for detailed information on posting periods and their configuration.
  User Roles: Ensure that you have the necessary authorizations to view and change posting periods.
  
  By following these steps, you should be able to resolve the CKMLSENDPRICE705 error and successfully post your transactions.