How To Fix FI_E050 - Posting date/period &1/&2 is earlier than existing date/period &3/&4

FI_E050 - Overview

• Message type: E = Error

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

• Message number: 050

• Message text: Posting date/period &1/&2 is earlier than existing date/period &3/&4

What causes this issue?

Commitment postings to Funds Management require that the current
transaction's posting date is earlier than the posting date of the
original or change account assignment line item of the document.

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?

Ensure that the FM customizable date is not earlier than the original
or change account assignment posting date.
Add/Change the FM customizable date using the following link:
<DS:TRAS.FMOD>FM Customizing Date</>

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

FI_E050 - Details

• The SAP error message FI_E050 indicates that there is an issue with the posting date or period you are trying to use in a financial transaction. Specifically, the error message states that the posting date/period you are attempting to use is earlier than an existing date/period in the system. This typically occurs when you are trying to post a transaction to a period that has already been closed or is not open for posting.
  
  Cause:
  
  Closed Posting Period: The most common cause is that the posting period you are trying to use has been closed in the system. In SAP, financial periods are often closed at the end of a month or year to prevent further postings.
  Incorrect Posting Date: The posting date you are using may be set to a date that is earlier than the last closed period.
  Configuration Settings: The configuration settings in the financial module may restrict postings to certain