How To Fix FARRIC_OL072 - Period &1-&2 is not valid for Company Code &3 and Acc. Principle &4

FARRIC_OL072 - Overview

• Message type: E = Error

• Message class: FARRIC_OL - Revenue Accounting: Operational Load

• Message number: 072

• Message text: Period &1-&2 is not valid for Company Code &3 and Acc. Principle &4

What causes this issue?

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

System Response

Period chosen is not the last closed period for the selected Company
Code and Accounting Principle combination.

How to fix this error?

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 FARRIC_OL072 - Period &1-&2 is not valid for Company Code &3 and Acc. Principle &4 ?

  The SAP error message FARRIC_OL072 indicates that there is an issue with the specified period for a company code and an account principle in the context of Asset Accounting (FI-AA). This error typically arises when trying to post or process transactions related to asset accounting, and it suggests that the specified period is not valid for the given company code and account principle.
  
  Cause:
  
  
  Invalid Posting Period: The specified posting period (from &1 to &2) is not open for the company code (&3) and the asset account principle (&4). This can happen if:
  
  The period is closed in the financial year.
  The period is not defined in the fiscal calendar for the company code.
  The asset accounting settings do not allow postings in that period.
  
  
  
  Fiscal Year Variant Issues: The fiscal year variant assigned to the company code may not align with the periods being used.
  
  
  
  Configuration Issues: There may be configuration issues in the Asset Accounting