How To Fix ITMF1042 - Posting not allowed; fiscal period &1.&2 has no status

SAP Error Message - Details

• Message type: E = Error

• Message class: ITMF1 - Tax Management Framework Message Class

• Message number: 042

• Message text: Posting not allowed; fiscal period &1.&2 has no status

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message ITMF1042 - Posting not allowed; fiscal period &1.&2 has no status ?

  The SAP error message ITMF1042, which states "Posting not allowed; fiscal period &1.&2 has no status," typically occurs when you attempt to post a transaction in a fiscal period that has not been properly defined or is not open for posting in the system. Here’s a breakdown of the cause, potential solutions, and related information:
  Cause:
  
  Fiscal Period Not Open: The fiscal period you are trying to post to is not open for posting. This can happen if the period is closed or if it has not been defined in the system.
  Incorrect Configuration: The configuration settings for the fiscal year variant may not be set correctly, leading to periods being incorrectly marked as closed.
  Posting Date: The posting date of the transaction may fall outside the defined fiscal periods.
  Authorization Issues: Sometimes, the user may not have the necessary authorizations to post in certain periods.
  
  Solution:
  
  
  Check Fiscal Period Status:
  
  Go to the transaction code OB52 (Change View "Posting Periods": Overview).
  Verify if the fiscal period you are trying to post to is open. If it is closed, you may need to open it for posting.
  
  
  
  Adjust Posting Periods:
  
  If the period is closed and you need to post to it, you can temporarily open the period in OB52. Make sure to follow your organization's policies regarding period closing.
  
  
  
  Verify Fiscal Year Variant:
  
  Check the fiscal year variant settings in transaction code OB29. Ensure that the periods are correctly defined and that the fiscal year variant is assigned to the company code.
  
  
  
  Check Posting Date:
  
  Ensure that the posting date of your transaction falls within the open periods. If it is outside the range, adjust the posting date accordingly.
  
  
  
  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 Documentation:
  
  If you are unsure about the settings or need to make changes, consult your SAP documentation or reach out to your SAP support team for assistance.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB52: Change Posting Periods
  OB29: Maintain Fiscal Year Variant
  FB50: General Ledger Account Document Entry (for testing postings)
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to fiscal periods and postings.
  
  
  User Training: Ensure that users are trained on the importance of fiscal period management and the implications of posting in closed periods.
  
  
  By following these steps, you should be able to resolve the ITMF1042 error and successfully post your transactions.