FINS_ML_UI005 - Period & is not open for account type & and G/L & in company code &.

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 005

• Message text: Period & is not open for account type & and G/L & in company code &.

What causes this issue?

Period of fiscal year does not exist in table T001B either in period 1
or in period 2 of a table entry with record type "0", the selected
company code, the account type and the G/L account . The period is
therefore not open.

System Response

You can't continue processing.

How to fix this error?

Check table T001B for record type "0", the selected company code,
account type and G/L account . If required, please make an entry in the
table or change an interval.

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.

Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_ML_UI005 - Period & is not open for account type & and G/L & in company code &. ?

  The SAP error message FINS_ML_UI005 indicates that a specific period is not open for a particular account type and G/L account in the specified company code. This error typically arises during financial transactions when the system checks whether the accounting period is open for posting.
  Cause:
  
  Closed Period: The most common cause is that the accounting period you are trying to post to is closed. In SAP, periods can be closed for various reasons, such as month-end or year-end closing processes.
  Incorrect Configuration: The configuration settings for the fiscal year variant may not allow postings to the specified period for the account type and G/L account.
  Posting Date: The posting date of the transaction may fall into a closed period.
  Authorization Issues: Sometimes, users may not have the necessary authorizations to post in certain periods.
  
  Solution:
  
  
  Open the Period:
  
  Navigate to the transaction code OB52 (Change View "Open and Close Posting Periods").
  Check the settings for the relevant company code, fiscal year, and account type. If the period is closed, you can open it for posting.
  Ensure that the period is open for the specific account type and G/L account you are trying to post to.
  
  
  
  Adjust Posting Date:
  
  If the posting date is incorrect, adjust it to a date that falls within an open period.
  
  
  
  Check Configuration:
  
  Review the fiscal year variant settings to ensure that they are correctly configured to allow postings in the desired periods.
  
  
  
  User Authorizations:
  
  Verify that the user has the necessary authorizations to post in the specified period. This can be checked with the help of your SAP security team.
  
  
  
  Consult Documentation:
  
  If the issue persists, consult SAP documentation or your internal SAP support team for further troubleshooting.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB52: To open or close posting periods.
  FS00: To check G/L account settings.
  FBL3N: To view G/L account line items.
  
  
  
  SAP Notes: Check for any relevant SAP Notes that might address specific issues related to this error message.
  
  
  Fiscal Year Variant: Understand how fiscal year variants work in your organization, as they dictate the open and closed periods for posting.
  
  
  By following these steps, you should be able to resolve the error message FINS_ML_UI005 and successfully post your transactions.