How To Fix FICORE582 - More than 16 periods can only be used in the Extended General Ledger

SAP Error Message - Details

• Message type: E = Error

• Message class: FICORE - FI Message Class for General Messages

• Message number: 582

• Message text: More than 16 periods can only be used in the Extended General Ledger

What causes this issue?

The defined fiscal year variant has &V1& posting periods and &V2&
special periods, making a total of &V3& periods.
Only 16 periods are possible for transaction figures in FI. However, in
the Extended G/L, you can define up to 365 periods.

System Response

The system tells you that you cannot use this fiscal year variant for
standard ledger 00 where the transaction figures are managed.

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.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FICORE582 - More than 16 periods can only be used in the Extended General Ledger ?

  The SAP error message FICORE582 indicates that you are trying to use more than 16 posting periods in a financial transaction, but your system is not configured to support this. This limitation is typically encountered when working with the classic General Ledger (G/L) in SAP, which only allows for a maximum of 16 posting periods.
  Cause:
  The error occurs because:
  
  The system is set up to use the classic General Ledger, which has a limitation of 16 posting periods.
  You are attempting to post transactions that require more than 16 periods, which is not supported in the classic G/L.
  
  Solution:
  To resolve this issue, you have a couple of options:
  
  
  Switch to Extended General Ledger (EGL):
  
  If your business processes require more than 16 posting periods, consider migrating to the Extended General Ledger (EGL). The EGL allows for more flexible period management and can handle more than 16 periods.
  This may involve configuration changes in your SAP system, and you may need to consult with your SAP Basis or Finance team to assess the feasibility and implications of this migration.
  
  
  
  Adjust Posting Periods:
  
  If switching to the Extended General Ledger is not an option, you may need to adjust your posting periods to ensure that you are only using 16 or fewer periods. This could involve consolidating periods or changing your financial reporting practices.
  
  
  
  Check Configuration Settings:
  
  Review your financial accounting configuration settings in SAP to ensure that they align with your business requirements. This includes checking the settings for fiscal year variants and posting periods.
  
  
  
  Related Information:
  
  Fiscal Year Variant: The fiscal year variant defines the number of posting periods and special periods. Ensure that your fiscal year variant is set up correctly to meet your business needs.
  SAP Notes: Check for any relevant SAP Notes or documentation that may provide additional guidance on this error message and the transition to the Extended General Ledger.
  Consult SAP Help: The SAP Help Portal provides detailed documentation on configuring the General Ledger and managing posting periods.
  
  Conclusion:
  To address the FICORE582 error, you will need to either switch to the Extended General Ledger or adjust your posting practices to comply with the 16-period limitation of the classic G/L. Always ensure that any changes made are in line with your organization's financial reporting requirements and consult with your SAP support team if needed.