How To Fix G00196 - Period &1 is not a valid closing period (please correct)

SAP Error Message - Details

• Message type: E = Error

• Message class: G00 - SAP Consolidation

• Message number: 196

• Message text: Period &1 is not a valid closing period (please correct)

What causes this issue?

The system requires a closing period. However, period &V1& is not a
valid closing period for consolidation group &V3& (with cons frequency
&V2&).

System Response

Program cannot be executed

How to fix this error?

Enter a valid cons frequency.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message G00196 - Period &1 is not a valid closing period (please correct) ?

  The SAP error message G00196, which states "Period &1 is not a valid closing period (please correct)," typically occurs during the financial closing process when a user attempts to post or process transactions in a period that is not recognized as a valid closing period in the system.
  Cause:
  
  Incorrect Period Status: The specified period (&1) may not be set as a valid posting period in the financial settings. This can happen if the period is closed or if it has not been opened for posting.
  Configuration Issues: The fiscal year variant or the period control settings may not be configured correctly, leading to the system not recognizing the period as valid.
  User Authorization: The user may not have the necessary authorizations to post in the specified period.
  Posting Date: The posting date of the transaction may fall outside the allowed posting periods.
  
  Solution:
  
  
  Check Period Status:
  
  Go to the transaction code OB52 (Change Posting Periods) to check the status of the period in question. Ensure that the period is open for posting.
  If the period is closed, you may need to open it temporarily for the necessary transactions.
  
  
  
  Review Fiscal Year Variant:
  
  Ensure that the fiscal year variant is correctly configured. You can check this in the configuration settings under Financial Accounting (FI) > Financial Accounting Global Settings > Fiscal Year > Define Fiscal Year Variant.
  
  
  
  Adjust Posting Date:
  
  Verify the posting date of the transaction. If it falls outside the allowed periods, adjust the date accordingly.
  
  
  
  User Authorizations:
  
  Check if the user has the necessary authorizations to post in the specified period. This can be done by reviewing the user roles and authorizations in the system.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about opening a period or making changes, consult with your finance team or SAP administrator to ensure compliance with financial policies.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OB52: Change Posting Periods
  OB29: Define Fiscal Year Variant
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to this error message.
  Documentation: Review SAP documentation on financial closing processes and period management for further insights.
  
  By following these steps, you should be able to resolve the G00196 error and ensure that the correct periods are being used for financial postings.