How To Fix FICUSTOM042 - FM update date is earlier than an existing postings

SAP Error Message - Details

• Message type: E = Error

• Message class: FICUSTOM - Customizable Messages for Funds Management

• Message number: 042

• Message text: FM update date is earlier than an existing postings

What causes this issue?

You have activated period-based commitments updating in the Customizing
of <LS>Funds Management</>. The posting that you are currently
generating is being posted under a date that is prior to already
existing postings for this document. This is not possible.

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?

To execute this posting, you must change the update date accordingly
(transaction FMOD).

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 FICUSTOM042 - FM update date is earlier than an existing postings ?

  The SAP error message FICUSTOM042 indicates that there is an issue with the financial document update date being earlier than existing postings in the system. This typically occurs when you are trying to post a financial document (like a journal entry) with a posting date that is earlier than the date of already posted documents in the same period.
  Cause:
  
  Posting Date Conflict: The posting date you are trying to use is earlier than the posting date of existing documents in the same period.
  Period Locking: The financial period may be closed or locked for posting, preventing any entries with earlier dates.
  Configuration Issues: There may be configuration settings in the financial module that restrict posting to certain dates.
  
  Solution:
  
  Check Posting Dates: Review the posting date of the document you are trying to post and ensure it is not earlier than any existing postings in the same period.
  Change Posting Date: If possible, change the posting date of your document to a date that is equal to or later than the existing postings.
  Open the Period: If you need to post with an earlier date for valid reasons, you may need to open the financial period in the configuration settings (transaction code: OB52) to allow postings for that date.
  Consult with Finance Team: If you are unsure about changing dates or opening periods, consult with your finance team or SAP administrator to ensure compliance with accounting policies.
  Review Configuration: Check the configuration settings in the financial module to ensure that there are no restrictions on posting dates that need to be adjusted.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like FB01 (Post Document), OB52 (Open/Close Posting Periods), or FBL1N (Vendor Line Item Display) to investigate and resolve the issue.
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or solutions related to this error message.
  Documentation: Review SAP documentation or help files related to financial postings and error handling for further guidance.
  
  By following these steps, you should be able to resolve the FICUSTOM042 error and successfully post your financial document.