How To Fix FARR_ACCR_MAIN039 - Period &3 is closed for rev. acct. for co. code &1 acct. principle &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_ACCR_MAIN - Revenue Accounting - Accrual Management

• Message number: 039

• Message text: Period &3 is closed for rev. acct. for co. code &1 acct. principle &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_ACCR_MAIN039 - Period &3 is closed for rev. acct. for co. code &1 acct. principle &2 ?

  The SAP error message FARR_ACCR_MAIN039 indicates that a specific period is closed for the revenue account in the context of the company code and account principle specified. This error typically arises in the context of financial accounting and revenue recognition processes, particularly when trying to post or adjust entries in a closed period.
  Cause:
  
  Closed Period: The most common cause of this error is that the accounting period you are trying to post to has been closed. In SAP, once a period is closed, no further postings can be made to that period for that company code and account principle.
  Configuration Settings: The configuration settings for the fiscal year variant may restrict postings to certain periods.
  Posting Restrictions: There may be specific posting restrictions set up in the system that prevent postings to closed periods.
  
  Solution:
  
  
  Open the Period: If it is necessary to make a posting in the closed period, you can open the period in the configuration settings. This typically requires authorization and should be done with caution to ensure compliance with accounting standards.
  
  Navigate to SPRO ? Financial Accounting ? Financial Accounting Global Settings ? Open and Close Posting Periods.
  Adjust the settings to allow postings for the required period.
  
  
  
  Post in an Open Period: If possible, consider making the necessary adjustments in an open period instead of trying to post in the closed period. This is often the preferred approach to maintain the integrity of financial reporting.
  
  
  Check Configuration: Review the configuration settings for the fiscal year variant and ensure that they align with your business requirements. This includes checking the settings for the company code and account principle.
  
  
  Consult with Finance Team: If you are unsure about the implications of opening a closed period or making adjustments, consult with your finance team or SAP support to ensure compliance with accounting policies.
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as OB52 (to open/close posting periods) or FBL1N (to view vendor line items) to investigate further.
  Authorization: Ensure that you have the necessary authorizations to make changes to posting periods or to perform financial postings.
  Documentation: Refer to SAP documentation or help files for more detailed information on handling posting periods and revenue accounting.
  
  By following these steps, you should be able to resolve the error and proceed with your financial postings.