How To Fix FI271 - Document &1, &2, &3 in wrong fiscal year (current: &4)

SAP Error Message - Details

• Message type: E = Error

• Message class: FI - TR-FM Funds Management

• Message number: 271

• Message text: Document &1, &2, &3 in wrong fiscal year (current: &4)

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FI271 - Document &1, &2, &3 in wrong fiscal year (current: &4) ?

  The SAP error message FI271 indicates that a document is being processed in a fiscal year that does not match the current fiscal year defined in the system. This error typically occurs during financial transactions such as posting invoices, payments, or adjustments.
  Cause:
  The error message FI271 is triggered when:
  
  You are trying to post a document (e.g., an invoice or a journal entry) that belongs to a fiscal year that is different from the current fiscal year set in the system.
  The document you are trying to process has a posting date that falls into a fiscal year that is closed or not open for posting.
  The fiscal year variant settings in the configuration may not allow postings to certain periods.
  
  Solution:
  To resolve the FI271 error, you can take the following steps:
  
  
  Check the Posting Date: Verify the posting date of the document you are trying to process. Ensure that it falls within the open periods of the current fiscal year.
  
  
  Open the Fiscal Year: If the document needs to be posted in a closed fiscal year, you may need to open that fiscal year for posting. This can be done by:
  
  Navigating to the transaction code OB52 (Change View "Posting Periods": Overview).
  Adjusting the posting periods to allow postings for the required fiscal year.
  
  
  
  Adjust the Document Date: If the document date is incorrect, you may need to adjust it to match the current fiscal year.
  
  
  Review Configuration: Check the configuration settings for the fiscal year variant to ensure that they are set up correctly. This includes verifying the start and end dates of the fiscal year and the allowed posting periods.
  
  
  Consult with Finance Team: If you are unsure about opening a fiscal year or changing posting periods, consult with your finance team or SAP administrator to ensure compliance with accounting policies.
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  OB52: Change Posting Periods
  FB01: Post Document
  FBL1N: Vendor Line Item Display
  FBL3N: G/L Account Line Item Display
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or solutions related to this error message.
  
  
  Documentation: Review SAP documentation on fiscal year settings and posting periods for a deeper understanding of how these configurations impact financial transactions.
  
  
  By following these steps, you should be able to resolve the FI271 error and successfully process your financial documents.