How To Fix FI042 - The period may not cross year boundaries

FI042 - Overview

• Message type: E = Error

• Message class: FI - TR-FM Funds Management

• Message number: 042

• Message text: The period may not cross year boundaries

What causes this issue?

You are trying to reconstruct the actual data for a period of more
than a year.

System Response

Reconstruction stopped.

How to fix this error?

Enter a period of less than a year.

Error message extract from SAP system. Copyright SAP SE.

FI042 - Details

• The SAP error message FI042 ("The period may not cross year boundaries") typically occurs in the context of financial transactions, particularly when trying to post documents or execute certain financial operations that involve periods that span across different fiscal years. This error is designed to prevent inconsistencies in financial reporting and ensure that transactions are recorded in the correct fiscal periods.
  
  Cause:
  
  Fiscal Year Settings: The fiscal year variant settings in SAP may not allow postings that cross year boundaries. Each fiscal year is defined with specific periods, and transactions must be posted within these defined periods.
  Document Date: The document date or posting date may fall into a different fiscal year than the period being referenced in the transaction.
  Period Locking: The periods may be locked for posting in the new fiscal year, preventing any transactions from being recorded that would cross into that year.
  
  Configuration Issues: There may be configuration issues in the