How To Fix EEDMSET463 - Settlement period is not correct

EEDMSET463 - Overview

• Message type: E = Error

• Message class: EEDMSET - Messages for Settlement

• Message number: 463

• Message text: Settlement period is not correct

What causes this issue?

In settlement procedure &V1& you can only enter one entire year as a
<DS:DE.E_SETTLPROCESSINT>settlement interval</>. For example 1st
January to 31st December.

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 EEDMSET463 - Settlement period is not correct ?

  The SAP error message EEDMSET463, which states "Settlement period is not correct," typically occurs in the context of settlement processes in SAP, particularly when dealing with internal orders, projects, or other cost objects. This error indicates that the settlement period specified in the transaction does not align with the allowed periods defined in the system.
  Causes:
  
  Incorrect Settlement Period: The settlement period specified in the transaction may not be open for posting. This can happen if the period is closed in the financial accounting settings.
  
  Configuration Issues: The configuration settings for the controlling area or the specific cost object may not allow for settlements in the specified period.
  Posting Period Settings: The posting periods for the relevant company code or controlling area may not be set correctly, leading to restrictions on settlements.
  Fiscal Year Variant: The fiscal year variant assigned to the company code or controlling area may not match the period being used for