How To Fix EEDMSET462 - Settlement period is not correct

SAP Error Message - Details

• Message type: E = Error

• Message class: EEDMSET - Messages for Settlement

• Message number: 462

• Message text: Settlement period is not correct

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In settlement procedure &V1&, you can only enter one entire month as a
<DS:DE.E_SETTLPROCESSINT>settlement interval</>.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

INCLUDE ISU_KORR OBJECT DOKU ID TX

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message EEDMSET462 - Settlement period is not correct ?

  The SAP error message EEDMSET462, which states "Settlement period is not correct," typically occurs in the context of settlement processes in SAP, particularly when dealing with asset accounting, internal orders, or project systems. This error indicates that the specified settlement period does not align with the expected or allowed periods for the transaction being processed.
  Causes:
  
  Incorrect Period Entry: The settlement period entered may not be valid for the current fiscal year or may not match the periods defined in the controlling area.
  Closed Periods: The period you are trying to settle may have already been closed in the system, preventing any further postings.
  Configuration Issues: There may be configuration settings in the controlling area or the relevant modules that restrict the settlement periods.
  Fiscal Year Variant: The fiscal year variant assigned to the company code or controlling area may not match the periods being used for settlement.
  
  Solutions:
  
  
  Check Period Status: Verify the status of the period you are trying to use for settlement. Ensure that it is open and available for posting.
  
  You can check this in the transaction code OB52 (Maintain Periods) to see if the period is open for the relevant company code and controlling area.
  
  
  
  Review Settlement Settings: Ensure that the settlement settings in the configuration are correct. This includes checking the settings for the relevant asset, internal order, or project.
  
  Use transaction code OKO7 (Define Settlement Profile) to review the settings.
  
  
  
  Adjust Fiscal Year Variant: Make sure that the fiscal year variant assigned to your company code or controlling area is correctly set up and matches the periods you are trying to use.
  
  You can check this in transaction code OB29 (Define Fiscal Year Variant).
  
  
  
  Use Correct Period: If the period is indeed closed, you may need to use a different period that is open or adjust your posting to a valid period.
  
  
  Consult Documentation: If the issue persists, consult SAP documentation or reach out to your SAP support team for further assistance, as they may have specific insights based on your system configuration.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  OB52: Maintain Posting Periods
  OKO7: Define Settlement Profile
  OB29: Define Fiscal Year Variant
  
  
  SAP Notes: Check for any SAP Notes related to this error message for additional guidance or patches that may address known issues.
  User Authorization: Ensure that you have the necessary authorizations to perform settlement operations in the system.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.