How To Fix FI_E008 - Posting date must be used for update of value type &1 update profile &2

FI_E008 - Overview

• Message type: E = Error

• Message class: FI_E - Message Class for FM English Developers

• Message number: 008

• Message text: Posting date must be used for update of value type &1 update profile &2

What causes this issue?

FM areas with assignment to the update profile must have all their
value types defined as 'posting date' on the ledger level when
activating to period-based encumbrance tracking (PBET) on the ledger
level.

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?

Find all the FM areas using the update profile in transaction 'OF37'.
Use transaction OF36 to ensure that all value types in the FM area(s)
are using 'posting date' for the ledger that is being activated to
PBET.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

FI_E008 - Details

• The SAP error message FI_E008 indicates that there is an issue with the posting date being used in a financial transaction. Specifically, it states that the posting date must be used for the update of a certain value type and update profile. This error typically arises in the context of financial postings, such as during the posting of invoices, payments, or other financial documents.
  
  Cause:
  
  Incorrect Posting Date: The posting date being used may not be valid for the specified value type or update profile. This can happen if the posting date is outside of the allowed range for the financial period or if it does not align with the fiscal year settings.
  
  Configuration Issues: The update profile or value type may not be configured correctly in the system, leading to inconsistencies when trying to post transactions.
  Period Locking: The financial period may be closed or locked, preventing postings from being made for that