How To Fix G0622 - Goodwill must be incurred prior to the current range of closing periods

SAP Error Message - Details

• Message type: E = Error

• Message class: G0 - Messages for SAP Consolidation

• Message number: 622

• Message text: Goodwill must be incurred prior to the current range of closing periods

What causes this issue?

According to <DS:GLOS.consolidation_frequency>consolidation
frequency</> &V2&, the current range of closing periods for group &V1&
begins with period &v3&. Goodwill must be incurred prior to this
period.

System Response

Processing terminated

How to fix this error?

Enter an earlier period/fiscal year for the incurrence.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message G0622 - Goodwill must be incurred prior to the current range of closing periods ?

  The SAP error message G0622, which states "Goodwill must be incurred prior to the current range of closing periods," typically occurs in the context of financial accounting and consolidation processes. This error indicates that there is an attempt to post or recognize goodwill in a period that has already been closed or is not open for posting.
  Cause:
  
  Closed Periods: The most common cause of this error is that the period in which you are trying to post goodwill has already been closed in the system. SAP has a strict period control mechanism, and once a period is closed, no further postings can be made to that period.
  Incorrect Posting Date: The posting date for the goodwill transaction may fall within a closed period.
  Configuration Issues: There may be configuration settings in the financial module that restrict postings related to goodwill.
  
  Solution:
  
  Check Period Status: Verify the status of the accounting periods in the system. You can do this by navigating to the transaction code OB52 (Change View "Open and Close Posting Periods") to see if the period is indeed closed.
  Adjust Posting Date: If the period is closed, you may need to adjust the posting date of the transaction to a period that is open for posting.
  Reopen Period: If necessary and if it aligns with your organization's policies, you can reopen the closed period to allow for the posting of goodwill. This should be done with caution and typically requires appropriate authorization.
  Review Configuration: Check the configuration settings related to goodwill postings in the system. Ensure that there are no restrictions that would prevent the posting of goodwill in the desired periods.
  Consult Documentation: Review SAP documentation or consult with your SAP support team for any specific configurations or settings that may be affecting goodwill postings.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB52 (for managing posting periods) and FB50 (for general ledger postings).
  SAP Notes: Check for any SAP Notes related to this error message for additional guidance or patches that may address the issue.
  User Authorizations: Ensure that the user attempting to make the posting has the necessary authorizations to post in the desired periods.
  Financial Closing Procedures: Understand your organization's financial closing procedures to ensure compliance with accounting standards and practices.
  
  If the issue persists after following these steps, it may be beneficial to engage with your SAP support team or a consultant who specializes in SAP Financial Accounting (FI) for further assistance.