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

ITMF1042 - Overview

• 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

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

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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