How To Fix FINS_SIS_CUST307 - Opening period &1 for company code &2 can lead to inconsistences

FINS_SIS_CUST307 - Overview

• Message type: E = Error

• Message class: FINS_SIS_CUST - Impl. of Doc. Splitting: Customizing

• Message number: 307

• Message text: Opening period &1 for company code &2 can lead to inconsistences

What causes this issue?

You are trying to activate document splitting for company code &V1& with
an activation date of &V2&. That means, all postings that were posted in
period &V3& or later, will be processed by document splitting. Because
the implementation of document splitting isn't completed, such postings
can either fail or cause data inconsistences.

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?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

FINS_SIS_CUST307 - Details

• The SAP error message FINS_SIS_CUST307 indicates that there is an issue with opening a period in the system for a specific company code. This error typically arises in the context of financial accounting and controlling, particularly when dealing with the Special Ledger or the SAP Information System (SIS).
  
  Cause:
  The error message is triggered when you attempt to open a period that has already been closed for a company code. Opening a closed period can lead to inconsistencies in financial reporting and data integrity, as it may allow for transactions to be posted in a period that should be finalized.
  
  Solution:
  To resolve this error, consider the following steps:
  
  
  Check Period Status: Verify the status of the period you are trying to open. Ensure that it is indeed closed and that you have the necessary permissions to make changes.
  
  
  Consult with Finance Team: Discuss with your finance or accounting team to understand the implications of opening