How To Fix FINS_ML_UI004 - Posting period & & is not open for company code &.

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_ML_UI - Material Ledger: UI related error messages

• Message number: 004

• Message text: Posting period & & is not open for company code &.

What causes this issue?

Period of fiscal year is not open in this company code for posting for
the variant of posting period.

System Response

You can't continue processing.

How to fix this error?

The error can have several causes. To correct the error, please proceed
as follows:
1. Check whether the posting date was entered correctly. The system
determines the posting period from the date.
2. Check whether the required posting period is open for posting for the
variant of posting period and account type . Make sure that the period
is open for posting.
To do this, specify a period interval in which the required period for
the variant of posting period and account type is contained.
You make these settings in Customizing of Financial Accounting under
Financial Accounting Global Settings -> Ledgers -> Fiscal Year and
Posting Periods - > Posting Periods -> Open and Close Posting Periods.

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_ML_UI004 - Posting period & & is not open for company code &. ?

  The SAP error message FINS_ML_UI004 indicates that the posting period for a specific company code is not open. This error typically occurs when you attempt to post a financial transaction in a period that has not been opened for posting in the system.
  Cause:
  
  Closed Posting Period: The most common cause is that the posting period you are trying to use is closed. In SAP, posting periods are defined in the configuration, and they can be closed for various reasons, such as month-end or year-end closing activities.
  Incorrect Company Code: The error may also occur if you are trying to post to a company code that is not set up correctly or does not have the desired posting period open.
  Configuration Issues: There may be issues with the configuration settings for the fiscal year variant or the posting periods.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Posting Periods:
  
  Go to the transaction code OB52 (or navigate through the menu: SPRO > Financial Accounting > Financial Accounting Global Settings > Document > Open and Close Posting Periods).
  Check the posting periods for the relevant company code and fiscal year. Ensure that the period you are trying to post to is open.
  
  
  
  Open the Posting Period:
  
  If the period is closed, you can open it by adjusting the settings in transaction OB52. Make sure to set the appropriate date range for the posting periods you want to open.
  
  
  
  Verify Company Code Settings:
  
  Ensure that the company code you are working with is correctly configured and that it is assigned to the correct fiscal year variant.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about opening a posting period (especially if it is a closed month or year), consult with your finance or accounting team to ensure that it aligns with your organization's policies.
  
  
  
  Check User Authorizations:
  
  Ensure that you have the necessary authorizations to post in the specified period and company code.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB52: Open and Close Posting Periods
  FBL1N: Vendor Line Item Display (to check transactions)
  FB50: General Ledger Account Document Entry (to test posting)
  
  
  
  Fiscal Year Variant: Understand how fiscal year variants are set up in your organization, as they dictate the opening and closing of posting periods.
  
  
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or solutions related to this error message.
  
  
  By following these steps, you should be able to resolve the error and successfully post your transactions.