How To Fix FITVPS005 - Period status does not allow accounting

SAP Error Message - Details

• Message type: E = Error

• Message class: FITVPS -

• Message number: 005

• Message text: Period status does not allow accounting

What causes this issue?

You can only settle separation allowances that have the status
<LS>Request Approved/ To be Settled</> or <LS>Trip Approved/To Be
Settled</>.

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?

Approve the separation allowance periods.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FITVPS005 - Period status does not allow accounting ?

  The SAP error message FITVPS005, which states "Period status does not allow accounting," typically occurs when you attempt to post a financial transaction in a period that is either closed or not open for posting. This can happen in various modules, including Financial Accounting (FI) and Controlling (CO).
  Cause:
  
  Period Closing: The financial period you are trying to post to has been closed. This is often done at the end of a month or year to prevent further postings.
  Period Status: The status of the period in the system is set to "not open" for accounting entries. This can be due to configuration settings in the financial settings.
  Authorization Issues: Sometimes, the user may not have the necessary authorizations to post in the specified period.
  Posting Period Variant: The posting period variant assigned to the company code may restrict postings to certain periods.
  
  Solution:
  
  
  Check Period Status:
  
  Go to the transaction code OB52 (Change View "Open and Close Posting Periods").
  Check the status of the period for the relevant company code and fiscal year. Ensure that the period you are trying to post to is open.
  
  
  
  Open the Period:
  
  If the period is closed and you need to post to it, you can open it by adjusting the settings in OB52. However, be cautious with this approach, as it may affect financial reporting and integrity.
  
  
  
  Review Posting Period Variant:
  
  Check the posting period variant assigned to your company code. Ensure that it allows postings for the period in question.
  
  
  
  User Authorizations:
  
  Verify that the user has the necessary authorizations to post in the specified period. This can be checked with your SAP security team.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about opening a closed period, consult with your finance team or SAP administrator to ensure compliance with accounting policies.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB52: To manage open and closed posting periods.
  FBL1N/FBL3N/FBL5N: To view line items for vendors, G/L accounts, and customers, respectively.
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or solutions related to this error message.
  
  
  Documentation: Review SAP documentation on financial period closing and posting periods for a better understanding of how these processes work.
  
  
  By following these steps, you should be able to resolve the FITVPS005 error and successfully post your accounting entries.