How To Fix FMREV006 - New posting date must be in fiscal year &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FMREV - Messages for Reversal of Budget Documents

• Message number: 006

• Message text: New posting date must be in fiscal year &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FMREV006 - New posting date must be in fiscal year &1 ?

  The SAP error message FMREV006 indicates that the new posting date you are trying to use for a financial transaction is not valid for the specified fiscal year. This typically occurs when you attempt to post a transaction with a date that falls outside the allowed range of dates for the fiscal year in question.
  Cause:
  
  Invalid Posting Date: The posting date you are trying to use is either before the start date or after the end date of the fiscal year.
  Fiscal Year Settings: The fiscal year settings in the system may not allow postings for the specified date.
  Period Closing: The fiscal period may have been closed, preventing any further postings for that period.
  
  Solution:
  
  Check Posting Date: Verify the posting date you are trying to use. Ensure it falls within the valid range of the fiscal year.
  Review Fiscal Year Settings: Go to the configuration settings for the fiscal year in SAP and check the start and end dates. You can do this in the following path:
  
  Transaction Code: OB29 (for fiscal year variant)
  Check the fiscal year variant settings to ensure the dates are correct.
  
  
  Open Periods: If the fiscal period is closed, you may need to open it again. This can be done through:
  
  Transaction Code: OB52
  Here, you can adjust the period status to allow postings for the required period.
  
  
  Consult with Finance Team: If you are unsure about changing fiscal year settings or opening periods, consult with your finance team or SAP administrator to ensure compliance with accounting policies.
  
  Related Information:
  
  Fiscal Year Variant: Understand how fiscal year variants work in SAP, as they define the structure of the fiscal year and the periods within it.
  Document Types: Ensure that the document type you are using allows for postings in the specified period.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  FB50: General Ledger Account Document Entry
  F-02: General Posting
  OB52: Change Posting Periods
  OB29: Define Fiscal Year Variants
  
  
  
  By following these steps, you should be able to resolve the FMREV006 error and successfully post your transaction.