How To Fix EEDMSET464 - Settlement period is not correct

SAP Error Message - Details

• Message type: E = Error

• Message class: EEDMSET - Messages for Settlement

• Message number: 464

• Message text: Settlement period is not correct

What causes this issue?

For settlement procedure &V1&, you can only enter one entire day as a
<DS:DE.E_SETTLPROCESSINT>settlement interval</>. For example 00:00:00
to 23:59:59.

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 EEDMSET464 - Settlement period is not correct ?

  The SAP error message EEDMSET464, which states "Settlement period is not correct," typically occurs in the context of settlement processes in SAP, particularly when dealing with Asset Accounting or Project System modules. This error indicates that the settlement period specified for a transaction does not align with the expected or allowed periods in the system.
  Causes:
  
  Incorrect Period Configuration: The settlement period may not be open for posting in the controlling area or company code.
  Period Locking: The period might be locked for posting due to month-end or year-end closing activities.
  Invalid Settlement Date: The settlement date provided in the transaction may fall outside the allowed range of periods.
  Master Data Issues: The master data for the asset or project may not be correctly set up, leading to discrepancies in the expected settlement periods.
  
  Solutions:
  
  
  Check Period Status:
  
  Go to the transaction code OB52 to check the status of the posting periods. Ensure that the period you are trying to settle is open for posting.
  If the period is closed, you may need to open it temporarily for the settlement process.
  
  
  
  Review Settlement Date:
  
  Verify the settlement date in your transaction. Ensure it falls within the open periods defined in your system.
  
  
  
  Adjust Master Data:
  
  Check the master data for the asset or project involved in the settlement. Ensure that all relevant fields are correctly filled out and that the settlement profile is appropriate.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about the period settings or if you need to make changes, consult with your finance or controlling team to ensure compliance with accounting policies.
  
  
  
  Use Transaction Codes:
  
  Use transaction codes like AW01N (Asset Explorer) or CJ20N (Project Builder) to review the details of the asset or project and confirm that everything is set up correctly.
  
  
  
  Related Information:
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message. SAP frequently updates its knowledge base with solutions for common errors.
  Documentation: Review SAP documentation related to Asset Accounting and Project System for detailed information on settlement processes and configurations.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed, and solutions shared.
  
  By following these steps, you should be able to identify the cause of the EEDMSET464 error and implement the necessary solutions to resolve it.