How To Fix GPSC245 - Posting Period & not valid in Company Code &

SAP Error Message - Details

• Message type: E = Error

• Message class: GPSC - PSC Application

• Message number: 245

• Message text: Posting Period & not valid in Company Code &

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message GPSC245 - Posting Period & not valid in Company Code & ?

  The SAP error message GPSC245 typically indicates that there is an issue with the posting period in the specified company code. This error can occur in various SAP modules, particularly in Financial Accounting (FI) or Controlling (CO), when trying to post a transaction in a period that is either closed or not open for posting.
  Cause:
  
  Closed Posting Period: The posting period you are trying to use is closed. This can happen if the financial year-end closing has been performed, and the period is no longer open for transactions.
  Incorrect Configuration: The posting period may not be configured correctly in the system for the specified company code.
  Authorization Issues: The user may not have the necessary authorizations to post in the specified period.
  Period Locking: The period may be locked for certain types of transactions, such as for specific users or user groups.
  
  Solution:
  
  
  Check Posting Period Status:
  
  Go to the transaction code OB52 (Maintain Posting Periods) to check the status of the posting periods for the relevant company code. Ensure that the period you are trying to post to is open.
  If the period is closed, you may need to open it again if it is appropriate to do so (e.g., for corrections).
  
  
  
  Adjust Configuration:
  
  If the posting period is not configured correctly, you may need to adjust the settings in the configuration. This can be done in the Financial Accounting (FI) module under the settings for posting periods.
  
  
  
  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 whether to open a closed period, consult with your finance team or the person responsible for financial reporting to ensure compliance with accounting policies.
  
  
  
  Transaction Type Restrictions:
  
  Check if there are any restrictions on the type of transactions that can be posted in the specified period. Some organizations may have policies that restrict certain types of postings after a period is closed.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB52: Maintain Posting Periods
  FBL1N: Vendor Line Item Display (to check vendor postings)
  FB03: Display Document (to review the document that caused the error)
  
  
  
  SAP Notes: Check SAP Notes for any specific patches or updates related to this error message.
  
  
  Documentation: Review SAP documentation for posting periods and financial closing procedures to understand the implications of opening or closing periods.
  
  
  By following these steps, you should be able to identify the cause of the GPSC245 error and take appropriate action to resolve it.