How To Fix FICO1588 - Period valid from &1 deleted; new period valid from &2 generated

FICO1588 - Overview

• Message type: E = Error

• Message class: FICO1 -

• Message number: 588

• Message text: Period valid from &1 deleted; new period valid from &2 generated

What causes this issue?

You have changed the <LS>valid-from date</> of the validity period for a
condition.

System Response

The system generates a new validity period with the new <LS>valid-from
date. </>The system saves the validity period with the original <LS>
valid-from date</> with the <DS:DE.FICO_OSTATUS>status</> 50
("Deleted"). It does not physically delete the validity period, meaning
that you can still access the change documents.

How to fix this error?

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

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 FICO1588 - Period valid from &1 deleted; new period valid from &2 generated ?

  The SAP error message FICO1588 indicates that there is a conflict with the validity periods of a financial document or transaction in the SAP system. Specifically, it means that the original period valid from date has been deleted, and a new period valid from date has been generated. This typically occurs in the context of financial accounting (FI) and controlling (CO) modules when there are changes to the fiscal year variant or when periods are closed or opened.
  
  Cause:
  
  Period Closing: The error often arises when a financial period has been closed, and an attempt is made to post a transaction to that period.
  Changes in Fiscal Year Variant: If there are changes made to the fiscal year variant settings, it can lead to the deletion of existing periods and the creation of new ones.
  Data Consistency Issues: There may be inconsistencies in the data that lead to the system needing to adjust the