How To Fix GK558 - Period for change in method &1 must lie within the closing per. interval

SAP Error Message - Details

• Message type: E = Error

• Message class: GK - Messages for SAP Consolidation

• Message number: 558

• Message text: Period for change in method &1 must lie within the closing per. interval

What causes this issue?

The period for the change in method must lie within the interval for
the current closing period (&V2& - &V3&).

System Response

The system does not accept the value entered.

How to fix this error?

Enter a change period with the period interval &V2& to &V3&.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GK558 - Period for change in method &1 must lie within the closing per. interval ?

  The SAP error message GK558 indicates that there is an issue with the period for a change in a method (such as a depreciation method) that does not fall within the allowed closing period interval. This typically occurs in the context of asset accounting when trying to make changes to asset master data or depreciation methods.
  Cause:
  
  Period Restrictions: The error arises when you attempt to change the depreciation method or other related settings for an asset, and the specified period for the change is outside the defined closing period. SAP has specific rules about when changes can be made to ensure data integrity and compliance with accounting standards.
  Closing Period Configuration: The closing periods for financial accounting may not allow changes to be made to certain settings after a specific date, usually after the financial period has been closed.
  
  Solution:
  
  Check the Closing Period: Verify the current closing period settings in your SAP system. You can do this by navigating to the transaction code OB52 (for defining posting periods) and checking the allowed periods for the relevant company code.
  Adjust the Change Period: If you need to change the depreciation method, ensure that the period you are trying to set for the change is within the allowed posting periods. You may need to adjust your change request to fall within an open period.
  Open the Period Temporarily: If necessary, and if it complies with your organization's policies, you can temporarily open the closed period to allow the change. This should be done with caution and proper authorization.
  Consult with Finance Team: If you are unsure about the implications of changing periods or methods, consult with your finance or accounting team to ensure compliance with accounting standards and internal policies.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as AS02 (Change Asset Master Record) and OB52 (Maintain Posting Periods).
  Documentation: Review SAP documentation or help files related to asset accounting and period management for more detailed guidance.
  User Authorizations: Ensure that you have the necessary authorizations to make changes to asset master data and posting periods.
  
  By following these steps, you should be able to resolve the GK558 error and successfully make the necessary changes to your asset accounting settings.