How To Fix FIN_CS_MESSAGE262 - Period &1 does not exist for fiscal year variant &2 and fiscal year &3.

SAP Error Message - Details

• Message type: E = Error

• Message class: FIN_CS_MESSAGE - Cloud Consolidation Message Class

• Message number: 262

• Message text: Period &1 does not exist for fiscal year variant &2 and fiscal year &3.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FIN_CS_MESSAGE262 - Period &1 does not exist for fiscal year variant &2 and fiscal year &3. ?

  The SAP error message FIN_CS_MESSAGE262 indicates that there is an issue with the specified period in relation to the fiscal year variant and fiscal year. This error typically arises in the context of financial postings or reporting when the system cannot find the specified period for the given fiscal year variant and fiscal year.
  Cause:
  
  Invalid Period: The specified period (e.g., month or quarter) does not exist in the defined fiscal year variant for the given fiscal year.
  Fiscal Year Variant Configuration: The fiscal year variant may not be correctly configured to include the specified period.
  Posting Date Issues: The posting date being used may fall outside the defined periods for the fiscal year variant.
  Year-End Closing: If the fiscal year has been closed, it may prevent postings to certain periods.
  
  Solution:
  
  
  Check Fiscal Year Variant Configuration:
  
  Go to the configuration settings for the fiscal year variant in SAP (Transaction code: OB29).
  Verify that the fiscal year variant includes the specified period for the fiscal year in question.
  
  
  
  Verify Posting Date:
  
  Ensure that the posting date you are using falls within the valid periods for the fiscal year variant.
  If necessary, adjust the posting date to a valid period.
  
  
  
  Review Period Status:
  
  Check if the period is open for posting. You can do this in the transaction code OB52 (Open and Close Posting Periods).
  Make sure that the period is not closed for the relevant company code.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about the fiscal year variant settings or the status of periods, consult with your finance or accounting team to ensure that the settings align with your organization's financial calendar.
  
  
  
  Adjust Fiscal Year Variant:
  
  If the fiscal year variant does not include the required periods, you may need to adjust it. However, be cautious with changes to fiscal year variants, as they can have significant implications for financial reporting.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB29: Configure fiscal year variants.
  OB52: Open and close posting periods.
  FBL1N/FBL3N/FBL5N: Display vendor/customer/GL account line items (to check postings).
  
  
  
  Documentation: Refer to SAP Help documentation for detailed information on fiscal year variants and posting periods.
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues or bugs related to this error message.
  
  
  By following these steps, you should be able to identify the cause of the error and implement the necessary solutions to resolve it.