How To Fix FICO1340 - Use period and calculation/due date do not have common key date

SAP Error Message - Details

• Message type: E = Error

• Message class: FICO1 -

• Message number: 340

• Message text: Use period and calculation/due date do not have common key date

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FICO1340 - Use period and calculation/due date do not have common key date ?

  The SAP error message FICO1340, which states "Use period and calculation/due date do not have common key date," typically occurs in the context of financial transactions, particularly when dealing with payment processing, billing, or financial postings in the SAP FICO (Financial Accounting and Controlling) module. This error indicates that there is a mismatch between the periods or dates being used in a transaction.
  Cause:
  
  Mismatched Dates: The error usually arises when the "use period" (the period in which the transaction is being recorded) does not align with the "calculation/due date" (the date on which the payment or calculation is due).
  Period Closing: If the accounting period has been closed, and you are trying to post a transaction that falls outside of that period, this error can occur.
  Configuration Issues: There may be configuration settings in the financial module that are not aligned with the transaction dates.
  Document Type Settings: Certain document types may have restrictions on the periods they can be posted to, leading to this error.
  
  Solution:
  
  Check Dates: Verify the "use period" and "calculation/due date" in the transaction. Ensure that they are within the same accounting period.
  Open Periods: If the period is closed, you may need to open it again (if permissible) or post the transaction in an open period.
  Adjust Configuration: Review the configuration settings in the SAP system related to financial periods and document types to ensure they are set up correctly.
  Transaction Type: Ensure that the transaction type you are using allows for the dates you are trying to enter.
  Consult Documentation: Refer to SAP documentation or consult with your SAP support team for specific configurations related to your organization’s setup.
  
  Related Information:
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FB50 (General Ledger), F-28 (Incoming Payments), or others that may be relevant to your transaction.
  User Roles: Ensure that you have the appropriate permissions to post transactions in the specified periods.
  Training: Consider training sessions for users who frequently encounter this error to help them understand how to avoid it in the future.
  
  If the issue persists after checking the above points, it may be beneficial to engage with your SAP support team or a consultant who specializes in SAP FICO for further assistance.