How To Fix FINS_REV_REC041 - Period locks occurred

FINS_REV_REC041 - Overview

• Message type: E = Error

• Message class: FINS_REV_REC - Event Based revenue recognition

• Message number: 041

• Message text: Period locks occurred

What causes this issue?

The run checks all relevant accounts which might be relevant in advance.
For some accounts the requested period is closed.

System Response

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

How to fix this error?

Please check the message log for more details and remove all period
locks which are displayed there.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

FINS_REV_REC041 - Details

• The SAP error message FINS_REV_REC041 indicates that there are period locks in place that prevent certain financial transactions from being processed. This typically occurs in the context of revenue recognition and can be related to the closing of financial periods, where certain transactions cannot be posted due to the period being locked for changes.
  
  Cause:
  
  Period Locking: The financial period (month, quarter, or year) is locked for posting. This is often done to ensure that no changes are made to financial data after a certain point in time, especially during month-end or year-end closing processes.
  Configuration Settings: The system may be configured to restrict postings to certain periods, which can lead to this error if an attempt is made to post in a locked period.
  User Authorizations: The user may not have the necessary authorizations to post in the specified period, leading to the error.
  
  
  Solution:
  
  Unlock the Period: If you have the necessary authorizations, you