How To Fix FG258 - One of the company codes selected still has open periods

SAP Error Message - Details

• Message type: E = Error

• Message class: FG - Program Error Messages

• Message number: 258

• Message text: One of the company codes selected still has open periods

What causes this issue?

There are periods that are still open for posting in the chosen
interval for one of the selected company codes.
The program only checks the general entries for the posting periods
(account type "+").

System Response

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

How to fix this error?

Make sure that you also want to carry out archiving for the periods
that are still open.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FG258 - One of the company codes selected still has open periods ?

  The SAP error message FG258 indicates that one or more of the company codes selected for a particular transaction or process still have open periods. This typically occurs in the context of financial closing activities, where certain periods need to be closed to prevent further postings.
  Cause:
  
  Open Posting Periods: The primary cause of this error is that the company code has open posting periods that allow transactions to be recorded. This can happen if the financial periods have not been properly closed in the system.
  Configuration Issues: The configuration settings for the posting periods may not be set correctly, allowing transactions to be posted in periods that should be closed.
  User Permissions: Sometimes, users may not have the necessary permissions to close periods, leading to this error when they attempt to perform actions that require closed periods.
  
  Solution:
  
  
  Check Open Periods:
  
  Go to the transaction code OB52 (Maintain Posting Periods).
  Review the posting periods for the relevant company code and ensure that the periods you want to close are indeed closed.
  If necessary, close the open periods by adjusting the date ranges.
  
  
  
  Close Periods:
  
  If you have the necessary permissions, you can close the periods by setting the appropriate date ranges in the OB52 transaction.
  Ensure that the periods you want to close are not required for any pending transactions.
  
  
  
  Review Configuration:
  
  Check the configuration settings in the Financial Accounting (FI) module to ensure that the posting periods are set up correctly.
  Make sure that the fiscal year variant is correctly assigned to the company code.
  
  
  
  User Permissions:
  
  If you do not have the necessary permissions to close periods, contact your SAP administrator or the person responsible for SAP security to request the required access.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for any specific guidelines related to your organization's financial closing processes.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB52: Maintain Posting Periods
  F.01: Financial Statement
  F.16: Closing Cockpit
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to this error message.
  
  
  Training: Consider training sessions for users involved in financial closing processes to ensure they understand how to manage posting periods effectively.
  
  
  By following these steps, you should be able to resolve the FG258 error and successfully manage your financial periods in SAP.