How To Fix FINS_MIG_HIST_BAL021 - Fiscal period is wrong

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_MIG_HIST_BAL -

• Message number: 021

• Message text: Fiscal period is wrong

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_MIG_HIST_BAL021 - Fiscal period is wrong ?

  The SAP error message FINS_MIG_HIST_BAL021 indicates that there is an issue with the fiscal period specified in a migration process, particularly when dealing with historical balances. This error typically arises during the migration of financial data, such as during the transition to a new SAP system or when performing data uploads.
  Cause:
  
  Incorrect Fiscal Period: The fiscal period specified in the migration data does not exist in the system or is not valid for the specified fiscal year.
  Period Status: The fiscal period may be closed or not open for posting, which means that transactions cannot be recorded in that period.
  Configuration Issues: There may be configuration issues in the fiscal year variant or the periods defined in the system.
  Data Format: The format of the fiscal period in the migration file may not match the expected format in SAP.
  
  Solution:
  
  Verify Fiscal Period: Check the fiscal period specified in the migration data. Ensure that it exists in the system and is valid for the fiscal year you are working with.
  Check Period Status: Go to the transaction code OB52 to check the status of the fiscal periods. Ensure that the period you are trying to use is open for posting.
  Review Configuration: Review the configuration of the fiscal year variant in the system. Ensure that the periods are correctly defined and that the fiscal year variant is assigned to the relevant company code.
  Correct Data Format: Ensure that the fiscal period in your migration file is in the correct format (e.g., YYYYMM for year and month).
  Adjust Migration Data: If necessary, adjust the migration data to use a valid fiscal period that is open for posting.
  
  Related Information:
  
  Transaction Codes: 
  
  OB52: To check and manage the open and closed periods.
  OB37: To check the fiscal year variant settings.
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to this error message.
  Documentation: Review SAP documentation on financial data migration and fiscal year settings for additional guidance.
  
  If the issue persists after checking the above points, it may be helpful to consult with your SAP support team or refer to SAP community forums for further assistance.