How To Fix FICO1055 - No other period exists

SAP Error Message - Details

• Message type: E = Error

• Message class: FICO1 -

• Message number: 055

• Message text: No other period exists

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FICO1055 - No other period exists ?

  The SAP error message FICO1055 ("No other period exists") typically occurs in the Financial Accounting (FI) and Controlling (CO) modules when a user attempts to post a transaction in a period that is either closed or does not exist in the system. This can happen during various activities, such as posting invoices, journal entries, or running reports.
  Cause:
  
  Closed Posting Period: The posting period you are trying to use is closed. In SAP, periods are often closed at the end of a fiscal year or month to prevent further postings.
  Incorrect Period Configuration: The period you are trying to access may not be configured correctly in the system.
  Fiscal Year Variant Issues: The fiscal year variant may not be set up properly, leading to discrepancies in available periods.
  User Authorization: The user may not have the necessary authorizations to post in the desired period.
  
  Solution:
  
  
  Check Posting Periods:
  
  Go to the transaction code OB52 to check the posting periods. Ensure that the period you are trying to post to is open.
  If the period is closed, you may need to open it temporarily for the necessary postings, but this should be done with caution and in accordance with your organization's policies.
  
  
  
  Review Fiscal Year Variant:
  
  Check the fiscal year variant settings in transaction code OB29. Ensure that the periods are defined correctly for the fiscal year you are working with.
  
  
  
  Adjust User Authorizations:
  
  Ensure that the user has the necessary authorizations to post in the desired period. This may involve checking roles and authorizations in transaction code PFCG.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about opening a period or making changes, consult with your finance team or SAP administrator to ensure compliance with accounting practices.
  
  
  
  Use Alternative Periods:
  
  If the transaction can be posted in a different open period, consider using that period instead.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB52: Change Posting Periods
  OB29: Maintain Fiscal Year Variant
  FB50: General Ledger Account Document Entry (for posting)
  
  
  
  SAP Notes: Check SAP Notes for any specific patches or updates related to this error message.
  
  
  Documentation: Refer to SAP Help documentation for detailed information on posting periods and fiscal year variants.
  
  
  By following these steps, you should be able to resolve the FICO1055 error and successfully post your transactions.