How To Fix FML_UPLMATINVPR034 - Value Date must be from current or previous Fiscal Period.

SAP Error Message - Details

• Message type: E = Error

• Message class: FML_UPLMATINVPR - F4006 Upload Material Inventory Prices

• Message number: 034

• Message text: Value Date must be from current or previous Fiscal Period.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FML_UPLMATINVPR034 - Value Date must be from current or previous Fiscal Period. ?

  The SAP error message FML_UPLMATINVPR034 indicates that the value date you are trying to enter for a financial transaction is not valid because it falls outside the allowed range of the current or previous fiscal period. This typically occurs in financial transactions where the system enforces strict rules regarding the timing of entries to ensure accurate financial reporting and compliance with accounting standards.
  Cause:
  
  Value Date Issue: The value date you are trying to use is set to a future date or a date that is not within the current or previous fiscal period.
  Fiscal Period Settings: The fiscal periods may not be configured correctly in the system, or the current period may have been closed.
  Transaction Type: Certain transaction types may have specific rules regarding the value date that must be adhered to.
  
  Solution:
  
  Check the Value Date: Ensure that the value date you are entering is either today’s date, a date in the current fiscal period, or a date in the previous fiscal period.
  Review Fiscal Period Settings: 
  
  Go to the transaction code OB52 to check the open and closed fiscal periods. Make sure that the period you are trying to post to is open.
  If necessary, extend the open periods or adjust the settings to allow for the desired posting.
  
  
  Adjust Transaction Date: If the value date is incorrect, modify it to a valid date that complies with the fiscal period rules.
  Consult with Finance Team: If you are unsure about the fiscal periods or the implications of changing them, consult with your finance or accounting team to ensure compliance with internal policies and regulations.
  
  Related Information:
  
  Transaction Codes: 
  
  OB52: To manage the open and closed fiscal periods.
  FB50: For general ledger postings where this error might occur.
  
  
  SAP Notes: Check for any relevant SAP Notes that might address specific issues related to this error message.
  Documentation: Review SAP documentation regarding fiscal periods and value dates to understand the implications of your entries.
  
  By following these steps, you should be able to resolve the error and successfully process your financial transaction.