How To Fix FINS_FI_SIF027 - Period &1/&2 is not yet closed for company code &3

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_FI_SIF - SAP S/4HANA Finance: Subsequent Implementation of Functions

• Message number: 027

• Message text: Period &1/&2 is not yet closed for company code &3

What causes this issue?

Period &V1&/&V2& is still open for company code &V3&. Postings are still
possible in this period.
Prior to data transfer, the last period of the previous fiscal year must
be closed for all company codes that are assigned to the project.

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?

Check and set the period status for company code &V3& accordingly using
transaction
<DS:TRAN.OB52>Open and Close Posting Periods</>.
For testing purposes, you can also modify the message type of this
message using transaction
<DS:TRAN.OBA5>Message Control by User</>.
The application area of this message is 'FINS_FI_SIF'.
If the message type is 'I' (Info), 'W' (Warning) or 'S' (Success), you
will be able to set the project status to <LS>Preparations Completed</>.
It is not recommended to change the message type in productive systems.

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 FINS_FI_SIF027 - Period &1/&2 is not yet closed for company code &3 ?

  The SAP error message FINS_FI_SIF027 indicates that a specific financial period (defined by the period and year) is not yet closed for the specified company code. This error typically arises when you attempt to perform a financial transaction or posting in a period that has not been officially closed in the system.
  Cause:
  
  Open Period: The financial period you are trying to post to is still open, meaning that the system allows postings to that period.
  Period Closing Not Executed: The period closing process has not been executed for the specified period and company code.
  Configuration Issues: There may be configuration settings in the financial module that prevent the closing of the period.
  
  Solution:
  
  
  Check Period Status: Verify the status of the financial period in question. You can do this by navigating to the transaction code OB52 (Change View "Open and Close Posting Periods") to see if the period is indeed open.
  
  
  Close the Period: If the period should be closed, you can close it using the same transaction code (OB52). Ensure that you have the necessary authorizations to perform this action.
  
  
  Post to a Different Period: If the period is still open for valid reasons (e.g., ongoing transactions), consider posting to a different period that is already closed or open for posting.
  
  
  Consult with Finance Team: If you are unsure about closing the period or if there are ongoing transactions, consult with your finance team or the person responsible for financial operations in your organization.
  
  
  Review Configuration: If the issue persists, review the configuration settings related to posting periods in the financial module to ensure they are set up correctly.
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  OB52: To manage open and closed posting periods.
  FBL1N/FBL3N: To check vendor/customer line items if needed.
  
  
  
  Documentation: Refer to SAP Help documentation for detailed instructions on managing posting periods and financial closing processes.
  
  
  User Authorizations: Ensure that you have the necessary authorizations to change posting periods or perform financial transactions.
  
  
  By following these steps, you should be able to resolve the error message FINS_FI_SIF027 and proceed with your financial transactions.