How To Fix FT055 - Specify the number of posting periods

FT055 - Overview

• Message type: E = Error

• Message class: FT - FI Table Maintenance Error Messages

• Message number: 055

• Message text: Specify the number of posting periods

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 FT055 - Specify the number of posting periods ?

  The SAP error message FT055, which states "Specify the number of posting periods," typically occurs in the context of financial transactions, particularly when dealing with the configuration of posting periods in the Financial Accounting (FI) module. This error indicates that the system requires you to specify how many posting periods should be considered for a particular transaction or configuration.
  
  Cause:
  
  Missing Configuration: The error often arises when the number of allowed posting periods has not been defined in the system settings.
  Transaction Type: Certain transactions may require a specific number of posting periods to be defined, and if this is not set, the error will occur.
  Period Control Settings: The settings for period control in the financial module may not be properly configured, leading to this error.
  
  
  Solution:
  To resolve the FT055 error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the SAP Easy Access screen and navigate to the following path:SPRO -> Financial Accounting -> Financial