How To Fix FMPEB055 - Posting date is not in period

SAP Error Message - Details

• Message type: E = Error

• Message class: FMPEB - Partially Exempt Organizations

• Message number: 055

• Message text: Posting date is not in period

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FMPEB055 - Posting date is not in period ?

  The SAP error message FMPEB055, which states "Posting date is not in period," typically occurs in the context of Financial Management (FM) when trying to post a transaction with a posting date that falls outside the allowed posting periods defined in the system.
  Cause:
  
  
  Posting Date Outside Open Periods: The most common cause is that the posting date of the transaction you are trying to process is not within the open periods defined in the system. This can happen if:
  
  The posting date is set to a future date.
  The posting date is set to a past date for which the period has been closed.
  
  
  
  Period Control Settings: The settings for period control in the Financial Management module may restrict postings to certain periods, and if the date does not align with these settings, the error will occur.
  
  
  Fiscal Year Settings: If the fiscal year has been closed or if the periods have been defined incorrectly, this can also lead to this error.
  
  
  Solution:
  
  
  Check Posting Date: Verify the posting date of the transaction you are trying to post. Ensure that it falls within the open periods in the system.
  
  
  Open/Close Periods: 
  
  Go to the transaction code OB52 (or the relevant transaction for your version) to check the open and closed periods for the relevant fiscal year.
  If necessary, you can open the period for the required posting date, but be cautious as this may affect financial reporting.
  
  
  
  Adjust Transaction Date: If the posting date is incorrect, adjust the transaction to use a valid posting date that falls within the open periods.
  
  
  Consult with Finance Team: If you are unsure about changing periods or if the transaction is critical, consult with your finance team or SAP administrator to ensure compliance with accounting policies.
  
  
  Review Configuration: If this error occurs frequently, it may be worth reviewing the configuration settings for period control in the Financial Management module to ensure they align with your organization's accounting practices.
  
  
  Related Information:
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  OB52: To manage open and closed periods.
  FMX1: To create or change budget entries.
  
  
  
  Documentation: Refer to SAP documentation or help files for detailed information on period control and posting rules in the Financial Management module.
  
  
  User Roles: Ensure that you have the necessary authorizations to change periods or post transactions, as this may be restricted based on user roles.
  
  
  By following these steps, you should be able to resolve the FMPEB055 error and successfully post your transaction.