How To Fix GP115 - Year &: Posting period & not possible

SAP Error Message - Details

• Message type: E = Error

• Message class: GP - FI-SL and CO planning

• Message number: 115

• Message text: Year &: Posting period & not possible

What causes this issue?

Period &V2& is not allowed for planning for the planning period.

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?

Open the period for company codes or global companies.
<DS:TRAN.GCP5>Open Period for Company Codes </>
<DS:TRAN.GCP6>Open Period for Global Companies </>

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GP115 - Year &: Posting period & not possible ?

  The SAP error message GP115 ("Year & : Posting period & not possible") typically occurs when you attempt to post a transaction in a period that is either closed or not open for posting in the specified fiscal year. This error is common in financial modules like SAP FI (Financial Accounting) and can arise due to various reasons.
  Causes:
  
  Closed Posting Period: The posting period you are trying to use has been closed for the specified fiscal year.
  Incorrect Configuration: The posting periods may not be configured correctly in the system.
  Fiscal Year Variant: The fiscal year variant assigned to the company code may not allow postings in the specified period.
  User Authorization: The user may not have the necessary authorizations to post in that period.
  Period Locking: The period may be locked for certain types of transactions (e.g., month-end closing).
  
  Solutions:
  
  
  Check Posting Period Status:
  
  Go to the transaction code OB52 (Change View "Posting Periods": Overview).
  Verify if the posting period for the specified year is open for the relevant company code.
  
  
  
  Adjust Posting Periods:
  
  If the period is closed and you need to post, you can temporarily open the period in OB52. However, be cautious and ensure that this is in line with your organization's policies.
  
  
  
  Review Fiscal Year Variant:
  
  Check the fiscal year variant assigned to your company code in transaction code OB29. Ensure that the periods are set up correctly.
  
  
  
  User Authorizations:
  
  Ensure 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 closed period, consult with your finance or accounting team to ensure compliance with internal controls and policies.
  
  
  
  Check for Period Locking:
  
  Ensure that there are no specific locks on the period for the type of transaction you are trying to post.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB52: Change Posting Periods
  OB29: Maintain Fiscal Year Variant
  FB01: Post Document (to reproduce the error)
  
  
  
  SAP Notes: Check SAP Notes for any specific patches or updates related to this error message.
  
  
  Documentation: Review SAP documentation on posting periods and fiscal year variants for a deeper understanding of how they work.
  
  
  By following these steps, you should be able to identify the cause of the GP115 error and take appropriate action to resolve it.