How To Fix G0654 - Prior periods are not yet posted!

SAP Error Message - Details

• Message type: E = Error

• Message class: G0 - Messages for SAP Consolidation

• Message number: 654

• Message text: Prior periods are not yet posted!

What causes this issue?

Consolidation of investments requires the postings of the prior
periods. If these have not been made yet, the computation of the
documents for the current period can contain errors.

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?

Start an update run in the prior periods and carry forward the balances
(if applicable) before allowing posting of consolidation of investments
in the current period.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message G0654 - Prior periods are not yet posted! ?

  The SAP error message G0654 ("Prior periods are not yet posted") typically occurs when you attempt to post a transaction in a prior accounting period that has not been closed or finalized. This can happen in various modules, such as Financial Accounting (FI) or Controlling (CO), when you try to make adjustments or entries in periods that are still open for posting.
  Cause:
  
  Open Periods: The accounting period you are trying to post to is still open, but the system is configured to prevent postings to prior periods that have not been finalized.
  Period Closing: The period you are trying to post to may not have been closed properly, or the settings in the configuration do not allow postings to that period.
  Authorization Issues: Sometimes, the user may not have the necessary authorizations to post to prior periods.
  
  Solution:
  
  Check Period Status: Verify the status of the accounting period you are trying to post to. You can do this by navigating to the transaction code OB52 (Change View "Open and Close Posting Periods") to see if the period is open for posting.
  Close the Period: If the period is indeed open and you need to post to it, ensure that all necessary transactions for that period are completed and then close the period properly.
  Adjust Configuration: If you need to allow postings to prior periods, you may need to adjust the configuration settings in the system. This can be done in the same transaction (OB52) by changing the allowed posting periods.
  User Authorization: Ensure that the user has the necessary authorizations to post in the desired period. This may involve checking user roles and permissions in the system.
  Consult with Finance Team: If you are unsure about making changes to the posting periods or configurations, consult with your finance team or SAP administrator to ensure compliance with accounting policies.
  
  Related Information:
  
  Transaction Codes: 
  
  OB52: Change View "Open and Close Posting Periods"
  FB50: General Ledger Account Document Entry
  F-02: General Posting
  
  
  SAP Notes: Check SAP Notes for any specific patches or updates related to this error message.
  Documentation: Review SAP documentation for guidelines on period closing and posting rules.
  
  By following these steps, you should be able to resolve the G0654 error and successfully post your transactions.