How To Fix FI244 - &1 No posting day defined for company code &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FI - TR-FM Funds Management

• Message number: 244

• Message text: &1 No posting day defined for company code &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FI244 - &1 No posting day defined for company code &2 ?

  The SAP error message FI244 ("No posting day defined for company code &1") typically occurs when you attempt to post a financial transaction in a company code for which no valid posting day has been defined. This can happen in various scenarios, such as during month-end closing, year-end closing, or when trying to post transactions outside of the defined posting periods.
  Cause:
  
  Missing Posting Day: The posting day for the specified company code has not been defined in the system.
  Incorrect Configuration: The configuration settings for the posting periods may not be set up correctly.
  Posting Periods Closed: The posting period for the transaction date may be closed, and no posting day is defined for that period.
  Date Mismatch: The date of the transaction may fall outside the defined posting days.
  
  Solution:
  To resolve the FI244 error, you can take the following steps:
  
  
  Check Posting Periods:
  
  Go to the transaction code OB52 (Change View "Posting Periods": Overview).
  Verify that the posting periods are open for the company code in question and that the date of the transaction falls within the open periods.
  
  
  
  Define Posting Days:
  
  If no posting day is defined, you can define it by going to OB29 (Define Posting Days).
  Ensure that the posting days are set up correctly for the relevant company code and fiscal year.
  
  
  
  Adjust Transaction Date:
  
  If the transaction date is outside the defined posting days, consider adjusting the transaction date to a valid posting day.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about the correct posting days or periods, consult with your finance or accounting team to ensure compliance with your organization's financial policies.
  
  
  
  Check for System Updates:
  
  Ensure that your SAP system is up to date, as sometimes system updates can affect configuration settings.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OB52: Change View "Posting Periods": Overview
  OB29: Define Posting Days
  
  
  SAP Notes: Check SAP Notes for any known issues or additional guidance related to this error message.
  Documentation: Review SAP documentation related to financial accounting and posting periods for more detailed information on configuration.
  
  By following these steps, you should be able to resolve the FI244 error and successfully post your financial transactions.