How To Fix FIN_SUB_VAL016 - FIN. transactn type &1~&2 can only be used for posting period 13 and 14

SAP Error Message - Details

• Message type: E = Error

• Message class: FIN_SUB_VAL - Messages from Substitutions and Validations

• Message number: 016

• Message text: FIN. transactn type &1~&2 can only be used for posting period 13 and 14

Self-Explanatory Message

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• What is the cause and solution for SAP error message FIN_SUB_VAL016 - FIN. transactn type &1~&2 can only be used for posting period 13 and 14 ?

  The SAP error message FIN_SUB_VAL016 indicates that a specific financial transaction type (identified by the parameters &1 and &2) can only be used for posting periods 13 and 14. This typically relates to the closing processes in financial accounting, particularly in the context of year-end closing activities.
  Cause:
  
  Transaction Type Restrictions: The transaction type you are trying to use is restricted to specific posting periods, usually for adjustments or closing entries that are only allowed in the last periods of the fiscal year (periods 13 and 14).
  Posting Period Configuration: The posting periods in your SAP system may not be configured to allow the transaction type in the current period you are trying to post to.
  Fiscal Year Variant: The fiscal year variant settings may define specific rules for how and when certain transaction types can be used.
  
  Solution:
  
  Check Posting Period: Ensure that you are trying to post in periods 13 or 14. If you are in a different period, you will need to adjust your posting date accordingly.
  Review Transaction Type Configuration: Check the configuration of the transaction type in the SAP system to confirm that it is indeed restricted to periods 13 and 14. This can be done in the configuration settings under Financial Accounting (FI).
  Adjust Posting Periods: If necessary, you may need to adjust the posting periods in the configuration to allow the transaction type in other periods, but this should be done with caution and typically only during the year-end closing process.
  Consult with Finance Team: If you are unsure about the implications of changing any settings, consult with your finance team or SAP FI consultant to ensure compliance with accounting standards and practices.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OB52 to manage posting periods or SPRO to access configuration settings.
  Documentation: Refer to SAP documentation or help files for detailed information on fiscal year variants and posting period management.
  Testing: If changes are made, it is advisable to test in a development or quality assurance environment before applying changes to the production system.
  
  By following these steps, you should be able to resolve the error and understand the context in which it occurs.