How To Fix G0620 - Goodwill amortization can only be recorded in closing periods

G0620 - Overview

• Message type: E = Error

• Message class: G0 - Messages for SAP Consolidation

• Message number: 620

• Message text: Goodwill amortization can only be recorded in closing periods

What causes this issue?

You are trying to record an activity for the
<DS:GLOS.amortization_of_goodwill>amortization of goodwill</> in period
&v1&. Group &v2& uses <DS:GLOS.consolidation_frequency>consolidation
frequency</> &v3&. However, you can only record activities for
goodwill amortization in the closing periods that are valid for this
consolidation frequency.

System Response

Processing terminated

How to fix this error?

Either change the consolidation frequency for group &v2&, or record the
activity in a different period.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message G0620 - Goodwill amortization can only be recorded in closing periods ?

  The SAP error message G0620, which states "Goodwill amortization can only be recorded in closing periods," typically occurs when there is an attempt to post goodwill amortization in a period that is not designated as a closing period. This is a common issue in financial accounting within SAP, particularly when dealing with goodwill and its amortization.
  
  Cause:
  
  Period Status: The error usually arises when the accounting period you are trying to post to is not marked as a closing period. In SAP, certain transactions, such as goodwill amortization, are restricted to specific periods to ensure proper financial reporting and compliance with accounting standards.
  Configuration Settings: The system configuration may restrict the posting of goodwill amortization to only certain periods, often the last period of the fiscal year or the closing periods defined in the system.
  Posting Date: The posting date of the transaction may fall outside the allowed range for goodwill amortization postings.
  
  
  Solution:
  
  Check Period