How To Fix FINB_PERIOD050 - There is no open period from &2 for accounting system &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FINB_PERIOD - Messages for posting periods

• Message number: 050

• Message text: There is no open period from &2 for accounting system &1

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message FINB_PERIOD050 - There is no open period from &2 for accounting system &1 ?

  The SAP error message FINB_PERIOD050 indicates that there is no open period for the specified accounting system. This error typically occurs when you attempt to post a transaction in a period that is either closed or not open for posting in the system.
  Cause:
  
  Closed Posting Period: The period you are trying to post to has been closed in the system.
  Incorrect Configuration: The configuration for the posting periods may not be set up correctly for the accounting system.
  Period Locking: The period may be locked for certain types of transactions or for specific users.
  Fiscal Year Variant: The fiscal year variant may not be correctly assigned to the company code or the accounting system.
  
  Solution:
  
  
  Check Posting Periods:
  
  Go to the transaction code OB52 (Change View "Posting Periods": Overview).
  Verify if the period you are trying to post to is open for the relevant company code and accounting system.
  If the period is closed, you can open it by adjusting the date range in the configuration.
  
  
  
  Adjust Configuration:
  
  Ensure that the fiscal year variant is correctly assigned to the company code.
  Check if the posting periods are set up correctly for the accounting system in use.
  
  
  
  User Authorizations:
  
  Ensure that the user has the necessary authorizations to post in the specified period.
  
  
  
  Transaction Type:
  
  Verify if the transaction type you are trying to post is allowed in the specified period.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about opening a period, consult with your finance team or SAP administrator to ensure that it aligns with your organization's accounting policies.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB52: To manage posting periods.
  OB29: To configure fiscal year variants.
  
  
  
  Documentation: Refer to SAP Help documentation for detailed information on managing posting periods and fiscal year variants.
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to this error message.
  
  
  By following these steps, you should be able to resolve the FINB_PERIOD050 error and successfully post your transactions.