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

KA198 - Overview

• 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