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

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message FI_E050 - Posting date/period &1/&2 is earlier than existing date/period &3/&4 ?

  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 periods based on company policies.
  
  Solution:
  
  Check Posting Periods: Verify the status of the posting periods in the system. You can do this by navigating to the transaction code OB52 (Change View "Posting Periods": Overview). Ensure that the period you are trying to post to is open.
  Change Posting Date: If the period is closed, consider changing the posting date to a valid open period. Ensure that the date you are using is within the range of open periods.
  Adjust Configuration: If necessary, consult with your SAP administrator or finance team to adjust the configuration settings to allow postings to the desired period, if it is appropriate to do so.
  Use Special Transactions: In some cases, you may need to use special transactions or adjustments to post to a closed period, but this should be done with caution and in accordance with your organization's policies.
  
  Related Information:
  
  
  Transaction Codes: 
  
  OB52: To check and manage posting periods.
  FB01: To post a financial document.
  FBL1N/FBL3N/FBL5N: To view line items for vendors, G/L accounts, and customers respectively.
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may provide additional guidance or solutions related to this error message.
  
  
  User Authorization: Ensure that you have the necessary authorizations to post in the desired periods.
  
  
  Consult Documentation: Refer to SAP documentation or your organization's internal guidelines for handling financial postings and period management.
  
  
  By following these steps, you should be able to resolve the FI_E050 error and successfully post your financial transactions.