How To Fix CKMLWIP703 - Close previous period for activity type/business process &1 first

SAP Error Message - Details

• Message type: E = Error

• Message class: CKMLWIP - WIP Price Determination

• Message number: 703

• Message text: Close previous period for activity type/business process &1 first

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message CKMLWIP703 - Close previous period for activity type/business process &1 first ?

  The SAP error message CKMLWIP703 indicates that you are trying to perform a transaction related to a specific activity type or business process, but the system requires that the previous period be closed first. This is a common issue in SAP when dealing with cost accounting and work in progress (WIP) calculations.
  
  Cause:
  The error occurs because SAP requires that all transactions for a given period be completed and closed before you can proceed with transactions for the next period. This is a safeguard to ensure that financial data is accurate and that no changes are made to closed periods, which could affect financial reporting and analysis.
  
  Solution:
  To resolve this error, you need to follow these steps:
  
  
  Close the Previous Period:
  
  Navigate to the appropriate transaction in SAP to close the previous period for the activity type or business process indicated in the error message.
  This is typically done in the Controlling (CO) module, specifically in