How To Fix F=020 - Posting period &1/&2 in company code &4 is not open

SAP Error Message - Details

• Message type: E = Error

• Message class: F= -

• Message number: 020

• Message text: Posting period &1/&2 in company code &4 is not open

Self-Explanatory Message

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• What is the cause and solution for SAP error message F=020 - Posting period &1/&2 in company code &4 is not open ?

  The SAP error message "F=020 Posting period &1/&2 in company code &4 is not open" indicates that you are trying to post a financial transaction in a period that is not open for posting in the specified company code. This is a common issue in SAP when the posting period is closed for financial transactions.
  Cause:
  
  Closed Posting Period: The posting period you are trying to use is closed. This can happen if the financial year-end closing has been performed or if the posting period has been manually closed in the configuration.
  Incorrect Period: You may be trying to post to a period that does not correspond to the current fiscal year or is outside the allowed posting periods.
  Company Code Settings: The company code settings may restrict posting to certain periods based on the configuration.
  
  Solution:
  
  
  Open the Posting Period:
  
  Go to the transaction code OB52 (Change View "Open and Close Posting Periods").
  Check the settings for the relevant company code and fiscal year.
  If necessary, open the required posting period by adjusting the date range.
  
  
  
  Check the Fiscal Year Variant:
  
  Ensure that the fiscal year variant assigned to the company code is correct and that the periods are set up properly.
  You can check this in the configuration under SPRO > Financial Accounting > Financial Accounting Global Settings > Fiscal Year > Maintain Fiscal Year Variant.
  
  
  
  Verify Transaction Date:
  
  Ensure that the transaction date you are using falls within the open posting periods. If you are trying to post a transaction with a date that is outside the open periods, you will need to adjust the date.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about opening periods or the implications of doing so, consult with your finance team or SAP administrator to ensure compliance with accounting policies.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OB52: Open and Close Posting Periods
  SPRO: Access to SAP Customizing Implementation Guide
  
  
  Documentation: Refer to SAP Help documentation for detailed information on posting periods and fiscal year settings.
  User Roles: Ensure that you have the necessary authorizations to change posting periods, as this is typically restricted to certain user roles.
  
  By following these steps, you should be able to resolve the error and successfully post your financial transactions.