How To Fix 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