How To Fix FIEG_LOC055 - Posting Date is lower than Posting Month/Fiscal Year

SAP Error Message - Details

• Message type: E = Error

• Message class: FIEG_LOC - FIEG_LOC

• Message number: 055

• Message text: Posting Date is lower than Posting Month/Fiscal Year

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FIEG_LOC055 - Posting Date is lower than Posting Month/Fiscal Year ?

  The SAP error message FIEG_LOC055 indicates that the posting date of a transaction is earlier than the allowed posting month or fiscal year in the system. This typically occurs when you attempt to post a document with a date that falls outside the open periods defined in the financial settings of your SAP system.
  Cause:
  
  Closed Posting Period: The posting date you are trying to use is in a period that has been closed for posting. This can happen if the fiscal year has been closed or if the specific month has been closed for postings.
  Configuration Settings: The configuration settings in the financial module may restrict postings to certain periods, and the date you are using does not fall within those allowed periods.
  User Authorization: Sometimes, user roles and authorizations may restrict posting to certain periods, leading to this error.
  
  Solution:
  
  
  Check Posting Periods:
  
  Go to the transaction code OB52 (Change Posting Periods) to check the open and closed periods for your company code. Ensure that the posting date you are trying to use is within an open period.
  If necessary, you can extend the open period by adjusting the settings in OB52, but this should be done with caution and in accordance with your organization's policies.
  
  
  
  Adjust Posting Date:
  
  If the posting date is not critical, consider changing the posting date to a date that falls within an open period.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about changing the posting periods or if you need to post in a closed period for a valid reason (e.g., adjustments, corrections), consult with your finance team or SAP administrator for guidance.
  
  
  
  User Authorization:
  
  Ensure that you have the necessary authorizations to post in the desired period. If not, contact your SAP security administrator to review your user roles.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB52: Change Posting Periods
  FB01: Post Document
  FBL1N: Vendor Line Item Display (to check related transactions)
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or solutions related to this error message.
  
  
  Documentation: Review SAP documentation on financial posting periods and fiscal year settings for a better understanding of how to manage posting dates and periods.
  
  
  By following these steps, you should be able to resolve the FIEG_LOC055 error and successfully post your transaction.