How To Fix GI558 - Period & in year & is not open for posting

SAP Error Message - Details

• Message type: E = Error

• Message class: GI - FI-SL update

• Message number: 558

• Message text: Period & in year & is not open for posting

What causes this issue?

When checking to see whether a posting can be made to the period, the
system found that the period is not open for posting.
For global documents, the period check is performed based on the
company code assigned to this global company.

System Response

The system did not perform the update.

How to fix this error?

Open the period for posting.
In Special Purpose Ledger, you can open the period for posting as
follows:
Special Purpose Ledger configuration menu
Actual posting
Posting periods
Local/global (depending on the type of ledger)
On the following screen, you can specify the open posting periods for
the record type (0=actual, 1=plan), company code (local) or global
company (global) and account type (always +).

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GI558 - Period & in year & is not open for posting ?

  The SAP error message GI558 indicates that a specific period in a fiscal year is not open for posting. This typically occurs when users attempt to post transactions in a period that has been closed or is not yet open for financial postings. Here’s a breakdown of the cause, potential solutions, and related information:
  Cause:
  
  Closed Period: The fiscal period you are trying to post to has been closed in the system.
  Period Not Open: The period has not been opened for posting, which can happen if the fiscal year has not been set up correctly or if the period is outside the defined posting periods.
  Authorization Issues: Sometimes, users may not have the necessary authorizations to post in certain periods.
  
  Solution:
  
  
  Open the Period:
  
  Navigate to the transaction code OB52 (Change View "Periods": Overview).
  Check the settings for the relevant company code and fiscal year.
  If the period is closed, you can open it by adjusting the date ranges to allow postings for that period.
  
  
  
  Check Fiscal Year Settings:
  
  Ensure that the fiscal year variant is correctly configured and that the periods are set up as intended.
  You can check this in transaction code OB29 (Maintain Fiscal Year Variant).
  
  
  
  Authorization Check:
  
  Verify that the user has the necessary authorizations to post in the specified period. This can be checked with your SAP security team.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about opening a period, consult with your finance team to ensure that it aligns with your organization’s accounting policies.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB52: To open or close posting periods.
  OB29: To maintain fiscal year variants.
  FB01: To post financial documents (where the error may occur).
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may provide additional context or solutions for specific scenarios related to this error.
  
  
  Documentation: Review SAP documentation regarding fiscal year and period management to understand the implications of opening or closing periods.
  
  
  By following these steps, you should be able to resolve the GI558 error and successfully post your transactions.