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

SAP Error Message - Details

• 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 settings that prevent posting in the specified period.
  
  
  Solution:
  
  
  Check Posting Period:
  
  Go to the transaction code OB52 to check the open and closed posting periods for the company code. Ensure that the period you are trying to post to is open.
  If necessary, open the period for posting.
  
  
  
  Review Fiscal Year Variant:
  
  Check the fiscal year variant assigned to the company code and ensure it is correctly configured. You can do this in the transaction code OB29.
  Make sure that the fiscal year variant allows for the periods you are trying to use.
  
  
  
  Asset Accounting Configuration:
  
  Review the configuration settings for Asset Accounting in the transaction code OAOA (for account principles) and ensure that the account principle allows postings in the specified period.
  Check if there are any specific restrictions set for the account principle that might prevent postings.
  
  
  
  Consult Documentation: If the issue persists, consult the SAP documentation or reach out to your SAP support team for further assistance.
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB52: Change Posting Periods
  OB29: Define Fiscal Year Variants
  OAOA: Define Account Principles
  
  
  
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional troubleshooting steps.
  
  
  User Authorization: Ensure that the user has the necessary authorizations to post in the specified periods.
  
  
  By following these steps, you should be able to identify the cause of the error and implement the appropriate solution.