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

GI558 - Overview

• 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