How To Fix FAGL_REORGANIZATION704 - Transaction &1 can only be performed in period &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FAGL_REORGANIZATION - Reorganization

• Message number: 704

• Message text: Transaction &1 can only be performed in period &2

What causes this issue?

With the period lock selected,
<DS:GLOS.3526B665AFAB52B9E10000009B38F974>business transaction</> &V1&
is currently locked for period &V2&.
During the reorganization in period &V2&, however, postings to
Controlling can be executed with business transaction &V1& (technical
name: &V3&).

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?

During the reorganization, you can unlock business transaction &V1& in
transaction <LS>Change Period Lock</> (<AB>OKP1</>) for specified period
&V2&.

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_REORGANIZATION704 - Transaction &1 can only be performed in period &2 ?

  The SAP error message FAGL_REORGANIZATION704 indicates that a specific transaction (denoted by &1) cannot be executed in the specified period (denoted by &2). This error typically arises in the context of financial accounting and is related to the closing periods in the fiscal year.
  Cause:
  
  Period Status: The error usually occurs when the period you are trying to post to is closed or not open for posting. In SAP, each fiscal period can be opened or closed for transactions, and if the period is closed, no further postings can be made.
  Transaction Type: The specific transaction you are trying to execute may have restrictions based on the period status.
  Configuration Settings: The configuration settings in the financial accounting module may restrict certain transactions from being executed in closed periods.
  
  Solution:
  
  
  Check Period Status:
  
  Go to the transaction code OB52 (Change Posting Periods) to check the status of the posting periods. Ensure that the period you are trying to post to is open.
  If the period is closed, you may need to open it temporarily to perform the transaction, but be cautious as this can affect financial reporting.
  
  
  
  Adjust Configuration:
  
  If you have the necessary authorizations, you can adjust the configuration settings to allow postings in the specified period. However, this should be done with caution and typically requires approval from the finance team.
  
  
  
  Use a Different Period:
  
  If possible, consider posting the transaction in an open period instead of the closed one.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about the implications of opening a closed period or changing configurations, consult with your finance team or SAP support for guidance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  OB52: Change Posting Periods
  FAGL: General Ledger Accounting transactions
  
  
  SAP Notes: Check SAP Notes for any specific updates or patches related to this error message.
  Documentation: Review SAP documentation regarding fiscal year-end closing procedures and posting period management to understand best practices.
  
  Conclusion:
  The FAGL_REORGANIZATION704 error is primarily related to posting period management in SAP. By checking the status of the posting periods and ensuring that the necessary configurations are in place, you can resolve this error effectively. Always ensure that any changes made are in line with your organization's financial policies.