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

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_SIS_CUST307 - Opening period &1 for company code &2 can lead to inconsistences ?

  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 a closed period. They may have specific policies or procedures in place regarding period management.
  
  
  Use Transaction Code OB52: If you have the necessary authorizations, you can use transaction code OB52 to manage the posting periods. This transaction allows you to open or close periods for specific company codes.
  
  
  Review Configuration: Check the configuration settings in the system related to period management. Ensure that the settings align with your organization's financial policies.
  
  
  Consider Alternatives: If you need to make adjustments for a closed period, consider whether it is possible to post adjustments in the current period instead, or if a special adjustment entry is required.
  
  
  Documentation: Ensure that any changes made are well-documented to maintain a clear audit trail and to inform relevant stakeholders of the changes.
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may provide additional guidance or updates related to this error message.
  User Authorizations: Ensure that you have the appropriate authorizations to make changes to posting periods.
  Training: If you are frequently encountering this error, consider additional training on financial period management within SAP to better understand the implications of opening and closing periods.
  
  By following these steps, you should be able to address the FINS_SIS_CUST307 error and ensure that your financial data remains consistent and accurate.