How To Fix FARR_ACCR_MAIN322 - Period &1 &2 for &3 &4 does not have posting status In-Closing

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_ACCR_MAIN - Revenue Accounting - Accrual Management

• Message number: 322

• Message text: Period &1 &2 for &3 &4 does not have posting status In-Closing

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_ACCR_MAIN322 - Period &1 &2 for &3 &4 does not have posting status In-Closing ?

  The SAP error message FARR_ACCR_MAIN322 indicates that there is an issue with the posting status of a specific period in the context of asset accounting, particularly related to accruals. The message states that the specified period does not have a posting status of "In-Closing," which is necessary for certain operations to be performed.
  Cause:
  
  Period Status: The error typically arises when you are trying to post or process transactions in a period that is not set to "In-Closing." This status is required for certain financial operations, especially in asset accounting.
  Period Configuration: The period may not be properly configured in the system, or it may have been closed prematurely.
  Transaction Timing: The transaction you are attempting to execute may be occurring outside of the allowed posting periods.
  
  Solution:
  
  
  Check Period Status: 
  
  Go to the transaction code OB52 (Change Posting Periods) to check the status of the periods. Ensure that the period you are trying to post to is set to "In-Closing."
  If necessary, change the status of the period to allow postings.
  
  
  
  Adjust Posting Periods:
  
  If the period is closed and you need to make adjustments, you may need to reopen the period temporarily. This should be done with caution and typically requires appropriate authorization.
  
  
  
  Review Configuration:
  
  Ensure that the configuration for the fiscal year and periods is correct. This can be checked in the configuration settings for Asset Accounting (transaction code SPRO).
  
  
  
  Consult with Finance Team:
  
  If you are unsure about changing the period status or if it impacts financial reporting, consult with your finance team or SAP administrator.
  
  
  
  Check for Open Transactions:
  
  Ensure that there are no open transactions that need to be processed before the period can be closed.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OB52: Change Posting Periods
  SPRO: Access to SAP Customizing Implementation Guide
  
  
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or updates related to this error message.
  Documentation: Review SAP documentation on Asset Accounting and period management for best practices and guidelines.
  
  Important Considerations:
  
  Always ensure that any changes to posting periods are in compliance with your organization's financial policies and procedures.
  Document any changes made for audit purposes and to maintain a clear record of financial transactions.