How To Fix FINS_ML_AIV014 - Posting to previous period not allowed for transaction &1

FINS_ML_AIV014 - Overview

• Message type: E = Error

• Message class: FINS_ML_AIV -

• Message number: 014

• Message text: Posting to previous period not allowed for transaction &1

What causes this issue?

Posting to previous period not allowed for transaction &v1&

System Response

You need to have deactivated the period lock in Materials Management,
which would otherwise prevent postings to the previous period.

How to fix this error?

Deactivate the period lock for transaction &v1& in Customizing under
Materials Management / Valuation and Account Assignment / Ignore
Materials Management Period Lock.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

FINS_ML_AIV014 - Details

• The SAP error message FINS_ML_AIV014 indicates that a posting to a previous period is not allowed for a specific transaction. This error typically arises in the context of financial postings, particularly when dealing with the Material Ledger or other financial modules in SAP.
  
  Cause:
  
  Period Closure: The most common cause of this error is that the accounting period you are trying to post to has already been closed. In SAP, once a financial period is closed, no further postings can be made to that period to ensure the integrity of financial reporting.
  Configuration Settings: The system may be configured to prevent postings to previous periods for certain transaction types or in certain scenarios.
  Transaction Type Restrictions: Some transaction types may have specific restrictions that prevent them from being posted to prior periods.
  
  
  Solution:
  
  
  Open the Period: If you need to make a posting to a previous period, you may need to open that period again. This