How To Fix EEDMSET463 - Settlement period is not correct

SAP Error Message - Details

• 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 settlement.
  
  Solutions:
  
  Check Posting Periods: Verify the posting periods in the system. You can do this by navigating to the transaction code OB52 (Change Posting Periods) and ensuring that the period you are trying to settle is open.
  Review Configuration: Check the configuration settings for the controlling area and the specific cost object. Ensure that the settings allow for settlements in the desired period.
  Adjust Fiscal Year Variant: Ensure that the fiscal year variant assigned to your company code or controlling area is correct and that it aligns with the periods you are trying to use.
  Use Correct Settlement Period: If the period is indeed closed, you may need to either change the settlement period to an open one or reopen the closed period if appropriate and permissible according to your organization's policies.
  Consult with Finance Team: If you are unsure about the correct settings or need to make changes, consult with your finance or controlling team to ensure compliance with accounting practices.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as KOB1 (Order Report), KSU5 (Settlement), and KSV5 (Settlement of Orders) to help diagnose and resolve issues.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message. SAP's support portal can provide additional insights.
  Documentation: Review SAP documentation related to internal orders, project systems, and settlement processes for a deeper understanding of how periods are managed.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.