How To Fix FT057 - Calendar years have 12 posting periods (= months)

SAP Error Message - Details

• Message type: E = Error

• Message class: FT - FI Table Maintenance Error Messages

• Message number: 057

• Message text: Calendar years have 12 posting periods (= months)

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FT057 - Calendar years have 12 posting periods (= months) ?

  The SAP error message FT057, which states "Calendar years have 12 posting periods (= months)," typically occurs in the context of financial accounting and controlling when there is a mismatch in the configuration of the fiscal year variant and the posting periods defined in the system.
  Cause:
  
  Fiscal Year Variant Configuration: The fiscal year variant may be set up incorrectly. For example, if the fiscal year variant is configured to have more than 12 posting periods, but the system expects a standard calendar year with only 12 periods, this error will occur.
  Posting Periods: The posting periods defined in the system may not align with the expected number of periods for a calendar year. This can happen if the periods are incorrectly defined or if there are additional periods set up (like special periods) that are not accounted for.
  Transaction Posting: Attempting to post a transaction in a period that is not defined or is outside the allowed range can trigger this error.
  
  Solution:
  
  
  Check Fiscal Year Variant:
  
  Go to the configuration settings for the fiscal year variant in SAP (Transaction code: OB29).
  Ensure that the fiscal year variant is set to have 12 posting periods if you are using a calendar year.
  If you need to change the fiscal year variant, make sure to do so carefully, as it can affect financial reporting.
  
  
  
  Review Posting Periods:
  
  Check the posting periods defined in the system (Transaction code: OB52).
  Ensure that the periods are correctly set up for the fiscal year and that there are no additional periods that would conflict with the standard 12-month structure.
  
  
  
  Adjust Transaction Dates:
  
  If you are trying to post a transaction, ensure that the date of the transaction falls within the defined posting periods.
  If necessary, adjust the transaction date to a valid period.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP administrator for specific guidance on fiscal year and posting period configurations.
  
  
  
  Related Information:
  
  Fiscal Year Variants: These define how the fiscal year is structured in terms of periods. Common variants include calendar year (January to December) and non-calendar years (e.g., April to March).
  Posting Periods: These are the time frames during which financial transactions can be recorded in the system. They are crucial for accurate financial reporting and compliance.
  Special Periods: In addition to the regular posting periods, SAP allows for special periods (usually for year-end closing activities). Ensure that these are configured correctly if used.
  
  If the issue persists after checking the above configurations, it may be beneficial to consult with an SAP expert or your organization's SAP support team for further assistance.