How To Fix GI555 - You can only specify special periods in the last period

SAP Error Message - Details

• Message type: E = Error

• Message class: GI - FI-SL update

• Message number: 555

• Message text: You can only specify special periods in the last period

What causes this issue?

You can only define special periods if the posting date refers to the
last period of the fiscal year.

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?

Change the posting period or leave the field for the special period
blank.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GI555 - You can only specify special periods in the last period ?

  The SAP error message GI555, "You can only specify special periods in the last period," typically occurs in the context of financial postings or adjustments when users attempt to enter special periods for a fiscal year that is not the last period of that fiscal year. This error is related to the way SAP handles special periods, which are used for adjustments or additional postings that need to be made after the regular posting periods have closed.
  Cause:
  
  Incorrect Period Selection: The user is trying to enter special periods (like special period 1, 2, etc.) for a fiscal year that is not the last period of that year. Special periods are only allowed in the last period of the fiscal year.
  Configuration Issues: There may be configuration settings in the financial module that restrict the use of special periods outside of the last period.
  Posting Date: The posting date may not align with the fiscal year settings, leading to this error.
  
  Solution:
  
  Check Posting Period: Ensure that you are trying to post in the last period of the fiscal year. If you are in a period other than the last one, you will need to wait until the last period is open for posting.
  Use Regular Periods: If you need to make adjustments or postings, consider using regular periods instead of special periods if you are not in the last period.
  Review Configuration: If you believe you should be able to use special periods, check the configuration settings in the SAP system to ensure that they are set up correctly for your organization’s fiscal year.
  Consult with Finance Team: If you are unsure about the fiscal year settings or the use of special periods, consult with your finance or accounting team to clarify the correct procedures.
  
  Related Information:
  
  SAP Documentation: Refer to the SAP Help Portal or documentation for more detailed information on posting periods and special periods.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB52 (to maintain posting periods) and other related financial transaction codes.
  User Roles and Authorizations: Ensure that you have the necessary authorizations to post in the desired periods.
  
  If the issue persists after checking these aspects, it may be beneficial to reach out to your SAP support team or consult with an SAP expert for further assistance.