How To Fix KD547 - Reversal not possible; last settlement was in period & &

SAP Error Message - Details

• Message type: E = Error

• Message class: KD - CO Settlement

• Message number: 547

• Message text: Reversal not possible; last settlement was in period & &

What causes this issue?

You can only reverse the last settlement carried out. This was in
period &V1& &V2&. This is not the same as period &V3& &V4& which you
have entered.

How to fix this error?

Check whether the settlement for the specified period can still be
reversed, and correct your entry if necessary.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KD547 - Reversal not possible; last settlement was in period & & ?

  The SAP error message KD547 ("Reversal not possible; last settlement was in period & &") typically occurs in the context of controlling (CO) when you attempt to reverse a settlement document for a cost object (like an internal order or a cost center) that has already been settled in a previous period. This error indicates that the system does not allow the reversal because the last settlement was completed in a closed period.
  Cause:
  
  Closed Period: The most common cause of this error is that the last settlement for the cost object was executed in a period that is now closed. In SAP, once a period is closed, certain transactions cannot be reversed or modified.
  Settlement Document: The settlement document may have been posted to a financial accounting period that is no longer open for adjustments.
  Configuration Settings: There may be specific configuration settings in the controlling module that restrict reversals under certain conditions.
  
  Solution:
  
  Open the Period: If possible, you can open the closed period in the controlling module (CO) to allow for the reversal. This typically requires authorization and should be done with caution, as it can affect financial reporting.
  
  Use transaction code OB52 to manage the posting periods.
  
  
  Reverse in the Correct Period: If opening the period is not feasible, you may need to perform the reversal in the period where the original settlement was posted. This may involve creating a new document that offsets the original settlement.
  Consult with Finance Team: Work with your finance or controlling team to determine the best course of action. They may have specific procedures in place for handling such situations.
  Check Configuration: Review the configuration settings in the controlling module to ensure that they align with your business processes and allow for necessary reversals.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as KSV5 (for settlement) and KOB1 (for displaying cost object line items).
  Documentation: Review SAP documentation or help files related to controlling and settlement processes for additional insights.
  User Authorizations: Ensure that you have the necessary authorizations to perform the actions required to resolve this error.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  
  If the issue persists after trying the above solutions, it may be beneficial to consult with SAP support or your internal SAP team for further assistance.