How To Fix FR214 - Period & does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: FR - Messages for FI Reporting

• Message number: 214

• Message text: Period & does not exist

What causes this issue?

In fiscal year variant &V2&, there is no period &V1&.

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

System Response

How to fix this error?

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FR214 - Period & does not exist ?

  The SAP error message FR214 "Period & does not exist" typically occurs in the context of financial transactions, particularly when dealing with financial accounting or controlling modules. This error indicates that the system is unable to find the specified period for the transaction you are trying to process.
  Causes:
  
  Incorrect Period Specification: The period you are trying to access may not be defined in the system. This could be due to a typo or an incorrect period number.
  Period Not Open: The financial period may not be open for posting. In SAP, periods must be opened for posting transactions, and if they are closed, you will encounter this error.
  Fiscal Year Variant Issues: The fiscal year variant assigned to the company code may not align with the period you are trying to access.
  Configuration Issues: There may be configuration issues in the financial settings that prevent the system from recognizing the period.
  Data Consistency Issues: There could be inconsistencies in the data that lead to the system not recognizing the period.
  
  Solutions:
  
  
  Check Period Configuration:
  
  Go to the transaction code OB52 to check the open and closed periods for your company code. Ensure that the period you are trying to post to is open.
  If the period is closed, you may need to open it for posting, depending on your organization's policies.
  
  
  
  Verify Fiscal Year Variant:
  
  Check the fiscal year variant assigned to your company code in transaction code OB37. Ensure that the fiscal year variant is correctly configured and that the periods align with your posting.
  
  
  
  Correct Period Entry:
  
  Double-check the period you are entering in your transaction. Ensure that it is the correct period number and corresponds to the fiscal year you are working with.
  
  
  
  Consult with Configuration Team:
  
  If you suspect configuration issues, consult with your SAP configuration team to ensure that the settings for financial periods are correctly defined.
  
  
  
  Review Transaction Data:
  
  If the error persists, review the transaction data for any inconsistencies or errors that may be causing the issue.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB52: To manage open and closed posting periods.
  OB37: To check fiscal year variants.
  FB50: To post general ledger entries (where you might encounter this error).
  
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  
  
  Documentation: Refer to SAP documentation for financial accounting to understand how periods are managed and the implications of closing periods.
  
  
  By following these steps, you should be able to identify the cause of the FR214 error and implement the appropriate solution. If the issue persists, consider reaching out to your SAP support team for further assistance.