How To Fix F5568 - Fiscal year & is not allowed

SAP Error Message - Details

• Message type: E = Error

• Message class: F5 - Document Editing

• Message number: 568

• Message text: Fiscal year & is not allowed

What causes this issue?

The fiscal year entered (&v1&) is different from the fiscal year derived
from the posting date and fiscal year variant (&v2&).

System Response

Error.

How to fix this error?

Correct the fiscal year entered.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message F5568 - Fiscal year & is not allowed ?

  The SAP error message F5568, which states "Fiscal year & is not allowed," typically occurs when there is an attempt to post a financial transaction in a fiscal year that is either closed or not open for posting. This error can arise in various scenarios, such as during the posting of invoices, payments, or adjustments.
  Causes:
  
  Closed Fiscal Year: The fiscal year you are trying to post to has been closed in the system.
  Incorrect Posting Period: The posting period for the fiscal year is not open for transactions.
  Configuration Issues: The fiscal year variant may not be correctly configured in the system.
  Document Type Restrictions: Certain document types may have restrictions on the fiscal years they can post to.
  
  Solutions:
  
  
  Check Fiscal Year Status:
  
  Go to the transaction code OB52 (Change Posting Periods) to check if the fiscal year is open for posting. If it is closed, you may need to open it for the required period.
  
  
  
  Adjust Posting Periods:
  
  If the fiscal year is closed, you can adjust the posting periods to allow postings. This typically requires authorization and should be done with caution to ensure compliance with accounting standards.
  
  
  
  Review Document Type Settings:
  
  Check if the document type you are using has any restrictions related to the fiscal year. You can do this in the configuration settings for document types.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about opening a closed fiscal year or changing posting periods, consult with your finance team or SAP administrator to ensure that it aligns with your organization's accounting policies.
  
  
  
  Use Correct Fiscal Year:
  
  Ensure that you are using the correct fiscal year for your transaction. Double-check the date and fiscal year settings in your transaction.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB52: Change Posting Periods
  OB29: Define Fiscal Year Variants
  OB37: Assign Company Code to Fiscal Year Variant
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or solutions related to this error.
  
  
  Documentation: Review SAP documentation on fiscal year settings and posting periods for a deeper understanding of how these configurations work.
  
  
  By following these steps, you should be able to resolve the F5568 error and successfully post your transactions.