How To Fix GC374 - Error when determining period (Ledger &, Co. &, FY variant &)

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 374

• Message text: Error when determining period (Ledger &, Co. &, FY variant &)

What causes this issue?

No posting period could be determined from the posting date.

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?

Please check the posting periods for the fiscal year variant &V3& or
assign a correct fiscal year variant to company &V2& for ledger &V1&.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GC374 - Error when determining period (Ledger &, Co. &, FY variant &) ?

  The SAP error message GC374 typically occurs during the process of determining the period for a specific ledger, company code, and fiscal year variant. This error can arise due to various reasons, and understanding the cause is essential for finding a solution. Here’s a breakdown of the potential causes, solutions, and related information:
  Causes of Error GC374
  
  
  Incorrect Configuration: The fiscal year variant or the ledger settings may not be correctly configured in the system. This can include issues with the fiscal year variant assigned to the company code or ledger.
  
  
  Period Locking: The period you are trying to access may be locked for posting. This can happen if the period is closed for financial transactions.
  
  
  Missing Master Data: There may be missing or incorrect master data related to the company code, ledger, or fiscal year variant.
  
  
  Posting Date Issues: The posting date may fall outside the allowed periods defined in the fiscal year variant.
  
  
  Authorization Issues: The user may not have the necessary authorizations to access the specified ledger or company code.
  
  
  Solutions to Error GC374
  
  
  Check Configuration:
  
  Go to the configuration settings for the fiscal year variant and ensure that it is correctly assigned to the company code and ledger.
  Verify that the fiscal year variant is set up correctly in the system (transaction code OY01 for fiscal year variant).
  
  
  
  Review Period Status:
  
  Check the status of the periods in the transaction code OB52. Ensure that the period you are trying to post to is open for posting.
  
  
  
  Validate Master Data:
  
  Ensure that all necessary master data (like company code, ledger, and fiscal year variant) is correctly maintained and active.
  
  
  
  Check Posting Date:
  
  Verify that the posting date you are using is within the open periods defined in the fiscal year variant.
  
  
  
  Authorization Check:
  
  Ensure that the user has the necessary authorizations to post to the specified ledger and company code. This can be checked with the help of your SAP security team.
  
  
  
  Consult SAP Notes:
  
  Check for any relevant SAP Notes that may address this specific error. SAP frequently updates its knowledge base with solutions for known issues.
  
  
  
  Related Information
  
  
  Transaction Codes:
  
  OB52: To check and manage the open and closed posting periods.
  OY01: To configure fiscal year variants.
  FS00: To check the configuration of the ledger.
  
  
  
  Documentation: Refer to SAP Help documentation for detailed information on fiscal year variants and period management.
  
  
  Support: If the issue persists after checking the above points, consider reaching out to SAP support or your internal SAP support team for further assistance.
  
  
  By following these steps, you should be able to identify the cause of the GC374 error and implement the appropriate solution.