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

FMFG_RECON_E020 - Overview

• 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

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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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