How To Fix GK497 - Period for data selection and reversal period/year are incompatible

GK497 - Overview

• Message type: E = Error

• Message class: GK - Messages for SAP Consolidation

• Message number: 497

• Message text: Period for data selection and reversal period/year are incompatible

What causes this issue?

Documents can not be reversed in previous fiscal year periods. For this
reason the fiscal year and the period, in which the reversal documents
were posted, may not be prior to the time when documents to be reversed
were selected.

System Response

Program processing is terminated.

How to fix this error?

Choose reversal period and year, so that they are not before the
beginning of the time when documents should be selected.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

GK497 - Details

• The SAP error message GK497, which states "Period for data selection and reversal period/year are incompatible," typically occurs in the context of financial postings, particularly when dealing with document reversals or adjustments in the General Ledger (GL) or Asset Accounting (AA) modules.
  
  Cause:
  This error usually arises due to one of the following reasons:
  
  
  Period Status: The period you are trying to reverse or post to may be closed or not open for posting. In SAP, each fiscal period has a status that determines whether postings can be made.
  
  
  Fiscal Year Variant: The fiscal year variant settings may not align with the periods you are trying to work with. For example, if the fiscal year variant is set to a specific range of periods, and you attempt to post to a period outside of that range, this error can occur.
  
  
  Reversal Period: The reversal period you are trying to use may not be compatible with