How To Fix FMFG_RECON_E020 - Close period determination error for company &1, acct type &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FMFG_RECON_E - Reconciliation Tool message class

• Message number: 020

• Message text: Close period determination error for company &1, acct type &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FMFG_RECON_E020 - Close period determination error for company &1, acct type &2 ?

  The SAP error message FMFG_RECON_E020 indicates a "Close period determination error" for a specific company code and account type. This error typically arises in the context of the Funds Management (FM) module when there are issues related to the closing of financial periods.
  Causes:
  
  Period Closure: The financial period for the specified company code may not be open for posting. This can happen if the period has been closed in the controlling or financial accounting modules.
  Configuration Issues: There may be configuration settings in the Funds Management module that are not aligned with the financial accounting settings.
  Account Type Restrictions: The account type specified may not be allowed for posting in the current period due to restrictions or settings in the system.
  Authorization Issues: The user may not have the necessary authorizations to post in the specified period or to the specified account type.
  
  Solutions:
  
  Check Period Status: Verify if the financial period for the specified company code is open. You can do this by navigating to the period closing settings in the financial accounting module (Transaction Code: OB52).
  Adjust Configuration: Review the configuration settings in the Funds Management module to ensure they are correctly set up to allow postings for the specified account type and company code.
  Change Account Type: If the account type is restricted, consider using a different account type that is allowed for posting in the current period.
  User Authorizations: Ensure that the user has the necessary authorizations to post transactions in the specified period and account type. This may involve checking user roles and permissions.
  Consult Documentation: Refer to SAP documentation or consult with your SAP support team for specific guidance related to your system configuration.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  OB52: To check and manage the open and closed periods.
  FMX1: To manage funds management settings.
  
  
  SAP Notes: Search for SAP Notes related to the error message for any patches or updates that may address the issue.
  System Logs: Check system logs for additional error messages or warnings that may provide more context about the issue.
  
  If the problem persists after checking the above points, it may be beneficial to engage with your SAP support team or consult with an SAP expert for further troubleshooting.