How To Fix H1504 - Key date &1 is not in financial year &2. Please check your data.

SAP Error Message - Details

• Message type: E = Error

• Message class: H1 - Messages Used in HR Funds and Position Management

• Message number: 504

• Message text: Key date &1 is not in financial year &2. Please check your data.

What causes this issue?

The key date (&v1&) is not in financial year &v2&.

System Response

No further processing possible.

How to fix this error?

Change the key date, or select a different financial year.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message H1504 - Key date &1 is not in financial year &2. Please check your data. ?

  The SAP error message H1504 indicates that there is a mismatch between the key date you are trying to use and the financial year defined in the system. This typically occurs when you are trying to perform an operation (like posting a document, running a report, etc.) for a date that is not valid within the specified financial year.
  Cause:
  
  Key Date Issue: The key date you are using (e.g., a posting date or a reporting date) falls outside the range of the financial year that is currently active in the system.
  Closed Financial Year: The financial year you are trying to access may have been closed, meaning that no further postings or changes can be made for that year.
  Incorrect Configuration: There may be an issue with the configuration of the financial year variant in the system, leading to incorrect date ranges being defined.
  
  Solution:
  
  Check Key Date: Verify the key date you are using. Ensure that it falls within the range of the financial year you are working with.
  Review Financial Year Settings: Go to the financial year variant settings in SAP (Transaction code: OB29) and check the defined periods and their statuses. Make sure the financial year is open for the date you are trying to use.
  Change Key Date: If the key date is indeed outside the valid range, adjust it to a date that is within the financial year.
  Open Financial Year: If necessary, you may need to open the financial year for posting (if your business processes allow for this). This can be done in the financial year variant settings.
  Consult with Finance Team: If you are unsure about changing financial year settings, consult with your finance team or SAP administrator to ensure compliance with accounting policies.
  
  Related Information:
  
  Transaction Codes: 
  
  OB29: Financial Year Variant Configuration
  OB52: Open and Close Posting Periods
  
  
  Documentation: Refer to SAP Help documentation for detailed information on financial year variants and posting periods.
  User Roles: Ensure that you have the necessary authorizations to view and modify financial year settings.
  
  By following these steps, you should be able to resolve the H1504 error and proceed with your intended operations in SAP.