How To Fix FAGL_REORG_SEG003 - Prior period of company code &1 is still open

SAP Error Message - Details

• Message type: E = Error

• Message class: FAGL_REORG_SEG -

• Message number: 003

• Message text: Prior period of company code &1 is still open

What causes this issue?

For company code &V1&, period in fiscal year is still open. However, the
reorganization is supposed to begin in the period after that.
The reassignment cannot be made until the previous period is closed.
Note:
In the case of a posting period that always needs to be open, there must
be a minimum entry (account type +) in the <LS>Financial Accounting
Global Settings</> under <LS>Open and Close Posting Periods</>. This
minimum entry was found for company code &V1& in period.

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?

Make the reassignment after the previous period has been closed.

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 FAGL_REORG_SEG003 - Prior period of company code &1 is still open ?

  The SAP error message FAGL_REORG_SEG003 indicates that the prior period for a specific company code is still open, which prevents certain operations, such as data reorganization or closing of financial periods. This error typically arises during the execution of financial closing activities or when attempting to perform data archiving or reorganization tasks.
  Cause:
  
  Open Periods: The primary cause of this error is that the financial periods for the specified company code are still open. In SAP, each fiscal year is divided into periods, and if any of the prior periods are open, it can lead to this error.
  Configuration Issues: There may be configuration settings in the financial accounting module that allow periods to remain open longer than intended.
  Pending Transactions: There may be pending transactions or postings that have not been completed for the prior periods.
  
  Solution:
  To resolve the FAGL_REORG_SEG003 error, you can follow these steps:
  
  
  Check Open Periods:
  
  Go to the transaction code OB52 (Change View "Open and Close Posting Periods").
  Check the settings for the relevant company code and fiscal year. Ensure that the periods you want to close are indeed closed.
  
  
  
  Close Open Periods:
  
  If you find that the prior periods are still open and you are sure that no transactions will be posted to those periods, you can close them by adjusting the settings in OB52.
  
  
  
  Review Pending Transactions:
  
  Check for any pending transactions that may be affecting the prior periods. Ensure that all necessary postings have been completed.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about closing periods or if there are legitimate reasons for keeping them open, consult with your finance team or SAP FI consultant to ensure that closing the periods will not affect financial reporting.
  
  
  
  Re-run the Process:
  
  After ensuring that the prior periods are closed, re-run the process that triggered the FAGL_REORG_SEG003 error.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB52: To manage open and closed posting periods.
  FAGL_REORG: To perform data reorganization in the General Ledger.
  
  
  
  Documentation: Refer to SAP Help documentation for more details on managing posting periods and financial closing processes.
  
  
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or solutions related to this error.
  
  
  By following these steps, you should be able to resolve the FAGL_REORG_SEG003 error and proceed with your financial operations in SAP.