How To Fix FTVV_MESSAGES724 - You are creating a disbursement for a period that is already posted

SAP Error Message - Details

• Message type: E = Error

• Message class: FTVV_MESSAGES - Reporting Financial Assets Management

• Message number: 724

• Message text: You are creating a disbursement for a period that is already posted

What causes this issue?

The interest value date of the disbursement entered falls within a
period containing posted records (actual records). The amounts from the
posted records are not adjusted to the new disbursement.
This means that interest will not be calculated or not calculated to
the full amount for the new disbursement.

System Response

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

How to fix this error?

Check the cash flow. If flows based the disbursement are not calculated
correctly you can either set the interest value date in a non-posted
period or reverse the posted flows.
If you want to reverse the posted records you have to cancel the
processing. Reverse the posting of the actual records first, enter and
post the disbursement, then post the records again.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FTVV_MESSAGES724 - You are creating a disbursement for a period that is already posted ?

  The SAP error message FTVV_MESSAGES724 indicates that you are attempting to create a disbursement for a financial period that has already been closed or posted. This typically occurs in financial modules where transactions are restricted to specific periods to maintain the integrity of financial reporting.
  Cause:
  
  Closed Posting Period: The financial period you are trying to post to has already been closed, meaning that no further transactions can be recorded in that period.
  Configuration Settings: The system may have been configured to prevent postings to certain periods, especially if they are in the past.
  Disbursement Timing: The disbursement you are trying to create may be intended for a previous period, which is not allowed.
  
  Solution:
  
  Check Posting Periods: Verify the posting periods in the system. You can do this by navigating to the relevant configuration settings in SAP (Transaction Code: OB52) to see if the period is indeed closed.
  Open the Period: If you have the necessary authorization, you can temporarily open the closed period to allow the posting. However, this should be done with caution and typically requires approval from management or finance.
  Adjust the Disbursement Date: If possible, adjust the date of the disbursement to a period that is open for posting.
  Consult with Finance Team: If you are unsure about the implications of changing posting periods or dates, consult with your finance team or SAP administrator for guidance.
  Use Alternative Transactions: If the disbursement cannot be posted to the closed period, consider using alternative transactions or methods to record the necessary financial activity.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB52 (for managing posting periods) and FBL1N (for vendor line items) to help navigate the issue.
  Authorization: Ensure you have the necessary authorizations to make changes to posting periods or to create disbursements.
  Documentation: Review SAP documentation or help files related to financial postings and disbursements for additional context and procedures.
  Audit Trail: Keep in mind that changing posting periods can affect financial reporting and auditing, so maintain a clear record of any changes made.
  
  By following these steps, you should be able to address the error message and proceed with your disbursement process.