How To Fix FARRIC_OL073 - Period closure information cannot be derived

SAP Error Message - Details

• Message type: E = Error

• Message class: FARRIC_OL - Revenue Accounting: Operational Load

• Message number: 073

• Message text: Period closure information cannot be derived

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARRIC_OL073 - Period closure information cannot be derived ?

  The SAP error message FARRIC_OL073 ("Period closure information cannot be derived") typically occurs in the context of Asset Accounting (FI-AA) when the system is unable to determine the period closure information for a specific asset or transaction. This can happen for various reasons, and understanding the cause is essential for resolving the issue.
  Causes:
  
  Missing Period Closure Data: The system may not have the necessary period closure data for the fiscal year or period in question.
  Incorrect Configuration: The configuration settings for the fiscal year variant or period control may not be set up correctly.
  Open Periods: The period you are trying to post to may not be open for posting in the system.
  Asset Master Data Issues: There may be issues with the asset master data, such as incorrect or missing information.
  Authorization Issues: The user may not have the necessary authorizations to access the required period closure information.
  
  Solutions:
  
  
  Check Period Closure Settings:
  
  Go to the transaction code OB52 to check the open and closed periods for the relevant company code and fiscal year. Ensure that the period you are trying to post to is open.
  
  
  
  Review Asset Master Data:
  
  Use transaction code AS03 to display the asset master data and ensure that all required fields are filled out correctly. Check for any inconsistencies or missing information.
  
  
  
  Verify Configuration:
  
  Check the configuration settings for the fiscal year variant and period control in the Asset Accounting module. Ensure that they are set up correctly according to your organization's requirements.
  
  
  
  Check for Authorizations:
  
  Ensure that the user has the necessary authorizations to perform the transaction. This may involve checking user roles and permissions.
  
  
  
  Consult SAP Notes:
  
  Search for relevant SAP Notes in the SAP Support Portal that may address this specific error message. There may be patches or updates that resolve known issues.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP Support for further assistance. Provide them with the error message details and any relevant transaction codes you were using.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as AS01 (Create Asset), AS02 (Change Asset), AS03 (Display Asset), and OB52 (Open/Close Posting Periods).
  Documentation: Review SAP documentation related to Asset Accounting and period closure processes for a deeper understanding of how these elements interact.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed, and solutions shared.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.