How To Fix KA198 - No posting period could be determined for &1 in fiscal year version &2

SAP Error Message - Details

• Message type: E = Error

• Message class: KA - CO Overhead Costs: Overhead, Accrual Calculation

• Message number: 198

• Message text: No posting period could be determined for &1 in fiscal year version &2

What causes this issue?

Data is stored internally with a "Valid to" date. The calculation of
imputed costs is a periodic function and, as such, accesses the data
via a particular key date.
This key date is
the first day of the accounting period for planned values,
the last day of the accounting period for actual values.
During maintenance, the "Valid to" date is determined and the data is
stored internally using the last day of the accounting period as the
key date.
Fiscal year version &V2& is not assigned to any period on key date &V1&
meaning that the date/period assignment cannot be determined.

System Response

The accounting period has been set to the last period of the fiscal
year derived from date &V1&: &V3&.&V4&.

How to fix this error?

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KA198 - No posting period could be determined for &1 in fiscal year version &2 ?

  The SAP error message KA198, which states "No posting period could be determined for &1 in fiscal year version &2," typically occurs in the context of controlling (CO) when trying to post a transaction or perform a report that requires a valid posting period. Here’s a breakdown of the cause, potential solutions, and related information:
  Cause:
  
  Incorrect Fiscal Year Version: The fiscal year version specified may not be correctly configured or may not correspond to the fiscal year settings in the system.
  Posting Periods Not Open: The posting periods for the specified fiscal year may not be open for the relevant company code or controlling area.
  Configuration Issues: There may be issues with the configuration of the controlling area or the fiscal year settings.
  Transaction Type: The transaction type being used may not be allowed in the specified posting period.
  Master Data Issues: The master data for the cost center, internal order, or other relevant objects may not be correctly set up.
  
  Solutions:
  
  
  Check Fiscal Year Version Configuration:
  
  Go to the configuration settings for the fiscal year version in SAP (Transaction code: OB29).
  Ensure that the fiscal year version is correctly defined and that the periods are set up properly.
  
  
  
  Open Posting Periods:
  
  Check the posting periods for the relevant company code and controlling area (Transaction code: OB52).
  Ensure that the posting period for the fiscal year is open for the transaction you are trying to post.
  
  
  
  Review Transaction Type:
  
  Verify that the transaction type you are using is valid for the current posting period and fiscal year.
  
  
  
  Check Master Data:
  
  Ensure that the master data for the cost centers, internal orders, or any other relevant objects is correctly maintained and active.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about the fiscal year settings or posting periods, consult with your finance or controlling team to ensure that everything is set up correctly.
  
  
  
  Use Transaction Codes:
  
  Use transaction codes like KSB1 (for cost center reports) or KOB1 (for internal order reports) to check if the issue persists in different contexts.
  
  
  
  Related Information:
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  Documentation: Review SAP documentation regarding fiscal year versions and posting periods for more detailed guidance.
  User Roles: Ensure that the user has the necessary authorizations to post in the specified periods.
  
  By following these steps, you should be able to identify the cause of the KA198 error and implement the appropriate solution. If the issue persists, consider reaching out to SAP support for further assistance.