F5286 - Period &/& is not open for account type & and G/L &

SAP Error Message - Details

• Message type: E = Error

• Message class: F5 - Document Editing

• Message number: 286

• Message text: Period &/& is not open for account type & and G/L &

What causes this issue?

Period &v1& of fiscal year &v2& does not exist in table T001B either in
period 1 or in period 2 of a table entry with record type "0", the
selected company code, the account type &v3& and the G/L account &v4&.
The period is therefore not open.

System Response

Processing cannot be continued.

How to fix this error?

Check table T001B for record type "0", the selected company code,
account type &v3& and G/L account &v4&. If required, make sure that an
entry is made in the table or an interval is changed.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message F5286 - Period &/& is not open for account type & and G/L & ?

  The SAP error message F5286 indicates that a specific period is not open for a particular account type and General Ledger (G/L) account. This error typically occurs when you attempt to post a transaction in a period that has not been opened for posting in the financial accounting module.
  Cause:
  
  Period Not Open: The most common cause is that the posting period for the specified G/L account is closed. This can happen if the period is set to be closed in the configuration settings.
  Account Type Restrictions: The account type (e.g., asset, liability, revenue, expense) may have restrictions on which periods can be posted to.
  Company Code Settings: The company code settings may restrict posting to certain periods based on fiscal year settings.
  
  Solution:
  
  
  Open the Posting Period:
  
  Go to the transaction code OB52 (Change View "Posting Periods": Overview).
  Check the settings for the relevant company code and fiscal year.
  Ensure that the period you are trying to post to is open for the relevant account type.
  If necessary, open the period for the specific account type.
  
  
  
  Check Account Type Configuration:
  
  Ensure that the G/L account is configured correctly in the chart of accounts and that it is allowed to post in the desired period.
  
  
  
  Review Company Code Settings:
  
  Verify the company code settings to ensure that there are no restrictions preventing postings in the desired period.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about opening periods or the implications of doing so, consult with your finance or accounting team to ensure compliance with financial policies.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB52: To manage posting periods.
  FS00: To view or change G/L account master data.
  
  
  
  Documentation: Refer to SAP Help documentation for detailed information on managing posting periods and G/L account settings.
  
  
  User Roles: Ensure that you have the necessary authorizations to change posting periods or G/L account settings.
  
  
  By following these steps, you should be able to resolve the F5286 error and successfully post your transaction.