FAGL_POST_SERVICE005 - Posting period & & is not open

SAP Error Message - Details

• Message type: E = Error

• Message class: FAGL_POST_SERVICE - Messages for Package FAGL_POSTING_SERVICES

• Message number: 005

• Message text: Posting period & & is not open

What causes this issue?

Period &V1& of fiscal year &V2& is not open for postings for the
combination of ledger &V3& and business transaction &V4&.

System Response

Processing is terminated.

How to fix this error?

This error can have various causes. To resolve the error, proceed as
follows:
RESET N1
Check whether the posting date is entered correctly. The system uses
this date to determine the posting period.
Check whether the desired posting period is open for postings for the
combination of ledger &V3& and business transaction &V4&. Ensure that
the period is open for posting.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FAGL_POST_SERVICE005 - Posting period & & is not open ?

  The SAP error message FAGL_POST_SERVICE005 indicates that the posting period you are trying to use for a financial transaction is not open. This typically occurs in the context of financial accounting when you attempt to post a document in a period that has been closed for posting.
  Cause:
  
  Closed Posting Period: The most common cause is that the posting period you are trying to use has been closed in the system. This can happen if the period has been closed for financial reporting or if it is outside the allowed posting periods defined in the system.
  Configuration Settings: The configuration settings for the fiscal year variant may restrict postings to certain periods.
  User Authorization: In some cases, user roles and authorizations may restrict access to certain periods.
  
  Solution:
  
  
  Open the Posting Period:
  
  Navigate to the transaction code OB52 (or use the menu path: Financial Accounting > General Ledger > Periodic Processing > Open and Close Posting Periods).
  Check the settings for the relevant company code and fiscal year. If the period is closed, you can open it by adjusting the date range to include the desired posting period.
  Ensure that the period is open for the relevant account types (e.g., G/L accounts).
  
  
  
  Check Fiscal Year Variant:
  
  Ensure that the fiscal year variant assigned to your company code allows postings in the desired period. You can check this in the configuration settings under Financial Accounting > Financial Accounting Global Settings > Fiscal Year > Define Fiscal Year Variant.
  
  
  
  Review User Authorizations:
  
  Ensure that the user attempting to post has the necessary authorizations to post in the specified period. This can be checked with your SAP security administrator.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about opening a period or the implications of doing so, consult with your finance team or SAP consultant to ensure compliance with financial reporting requirements.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OB52: Open and Close Posting Periods
  FBL3N: Display G/L Account Line Items
  FB50: Enter G/L Account Document
  
  
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or solutions related to this error message.
  Documentation: Review SAP documentation on financial accounting and posting periods for a deeper understanding of how posting periods are managed in SAP.
  
  By following these steps, you should be able to resolve the FAGL_POST_SERVICE005 error and successfully post your financial transactions.