How To Fix FMBGA059 - The posting date entered is not in fiscal year &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FMBGA - Messages for Public-Owned Commercial Operations

• Message number: 059

• Message text: The posting date entered is not in fiscal year &1

What causes this issue?

You have entered a posting date for the reversal document in fiscal year
&V2&. However, the input tax adjustment to be reversed was posted in
fiscal year &V1&.
The reversal of input tax adjustments must be in the same year as the
input tax adjustment.

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 FMBGA059 - The posting date entered is not in fiscal year &1 ?

  The SAP error message FMBGA059 indicates that the posting date you are trying to use is not within the fiscal year specified in the system. This error typically occurs when you attempt to post a transaction with a date that falls outside the defined fiscal year periods in your SAP system.
  Cause:
  
  Incorrect Posting Date: The date you entered for the transaction is outside the range of the fiscal year that is currently open for posting.
  Fiscal Year Settings: The fiscal year may not be open for the period you are trying to post to. This can happen if the fiscal year has been closed or if the posting period is not open.
  Configuration Issues: There may be issues with the configuration of the fiscal year variant or the posting periods in the system.
  
  Solution:
  
  Check Posting Date: Verify the posting date you are using. Ensure that it falls within the open fiscal year and the allowed posting periods.
  Open Posting Periods: Go to the transaction code OB52 (or use the menu path: Financial Accounting > General Ledger > Periodic Processing > Open and Close Posting Periods) to check if the posting period for the date you are trying to use is open. If it is closed, you may need to open it if your business processes allow for it.
  Fiscal Year Variant: Check the fiscal year variant settings in transaction code OB29. Ensure that the fiscal year variant is correctly configured and that the fiscal year is set up properly.
  Consult with Finance Team: If you are unsure about changing any settings, consult with your finance team or SAP administrator to ensure compliance with accounting policies.
  
  Related Information:
  
  Transaction Codes:
  
  OB52: Open and Close Posting Periods
  OB29: Fiscal Year Variant Configuration
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to fiscal year postings.
  Documentation: Review SAP documentation on fiscal year settings and posting periods for more detailed guidance.
  
  By following these steps, you should be able to resolve the error and successfully post your transaction.