How To Fix FI272 - Period &1/FY &2 for &3 is not open for FM posting in value type &4

SAP Error Message - Details

• Message type: E = Error

• Message class: FI - TR-FM Funds Management

• Message number: 272

• Message text: Period &1/FY &2 for &3 is not open for FM posting in value type &4

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FI272 - Period &1/FY &2 for &3 is not open for FM posting in value type &4 ?

  The SAP error message FI272 indicates that a specific period in a fiscal year is not open for Financial Management (FM) posting for a given value type. This error typically arises when you attempt to post a transaction in a period that has not been opened for posting in the FM module.
  Cause:
  
  Period Not Open: The specified period (e.g., month) in the fiscal year is not open for FM postings. This can happen if the period is closed in the system.
  Value Type Restrictions: The value type you are trying to use may have specific restrictions or may not be allowed for posting in the current period.
  Configuration Issues: There may be configuration settings in the FM module that restrict postings to certain periods or value types.
  
  Solution:
  
  
  Open the Period:
  
  Navigate to the transaction code FMAVCR01 (or the relevant transaction for your version) to open the period for FM postings.
  Ensure that the period you are trying to post to is set to "open" for the relevant fiscal year.
  
  
  
  Check Value Type:
  
  Verify that the value type you are using is appropriate for the posting you are trying to make. You may need to consult your configuration settings or documentation to ensure that the value type is valid for the period.
  
  
  
  Review Configuration:
  
  Check the configuration settings in the FM module to ensure that there are no restrictions preventing postings in the specified period or for the specified value type.
  You may need to consult with your SAP FI/CO or FM module configuration team to review these settings.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for additional context on the error message and any specific configurations that may be relevant to your organization.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FMAVCR01 (to open/close periods), FMX1 (to manage FM documents), and OB52 (to manage posting periods in FI).
  User Roles: Ensure that you have the necessary authorizations to open periods and make postings in the FM module.
  SAP Notes: Check for any SAP Notes related to this error message for additional troubleshooting steps or patches that may address the issue.
  
  If the problem persists after following these steps, it may be beneficial to engage your SAP support team or consult with an SAP expert for further assistance.