How To Fix GC274 - Data entry for company & blocked for the year & and period &

SAP Error Message - Details

• Message type: E = Error

• Message class: GC - Error Messages for Consolidation/Extended General Ledger

• Message number: 274

• Message text: Data entry for company & blocked for the year & and period &

What causes this issue?

Data cannot be copied because data entry for the company has already
been blocked.

How to fix this error?

Check the consolidation status of company &v1&, and your target entries
for ledger, version, fiscal year, and period on the selection screen.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GC274 - Data entry for company & blocked for the year & and period & ?

  The SAP error message GC274 indicates that data entry for a specific company code is blocked for a particular fiscal year and period. This typically occurs when the period is closed for posting, meaning that no further transactions can be entered for that period.
  Cause:
  
  Period Closing: The most common cause is that the financial period has been closed in the system. This is a standard practice in financial accounting to ensure that no further changes can be made to the financial data for that period.
  Authorization Issues: Sometimes, users may not have the necessary authorizations to post entries in a closed period.
  Configuration Settings: The system may be configured to block postings in certain periods for specific company codes.
  
  Solution:
  
  Check Period Status: Verify the status of the period in question. You can do this by navigating to the transaction code OB52 (Change View "Periods" in Financial Accounting) to see if the period is indeed closed.
  Open the Period: If you have the necessary authorizations, you can open the period for posting. This is done in the same transaction (OB52) by adjusting the allowed posting periods.
  Use Special Transactions: If you need to make adjustments for a closed period, consider using special transactions like FB50 (General Ledger Account Document Entry) with the appropriate settings, or consult with your finance team about the possibility of making adjustments through a year-end closing process.
  Authorization Check: Ensure that you have the necessary authorizations to post in the desired period. If not, contact your SAP security administrator to request the required permissions.
  Consult with Finance Team: If you are unsure about the implications of opening a closed period, consult with your finance team or SAP support to ensure compliance with accounting policies.
  
  Related Information:
  
  Transaction Codes: 
  
  OB52: To check and change the allowed posting periods.
  FB50: To post general ledger entries.
  
  
  SAP Notes: Check SAP Notes for any specific guidance or updates related to this error message.
  Documentation: Review SAP documentation on period closing and financial posting procedures to understand the implications of opening closed periods.
  
  Always ensure that any changes made to the posting periods are in line with your organization's financial policies and procedures.