How To Fix KD566 - The last settlement was posted in posting period &

SAP Error Message - Details

• Message type: E = Error

• Message class: KD - CO Settlement

• Message number: 566

• Message text: The last settlement was posted in posting period &

What causes this issue?

The last settlement was posted in posting period <(>&<)>.

How to fix this error?

You can only reverse this settlement in the same period, or a future
period. Check your posting period.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KD566 - The last settlement was posted in posting period & ?

  The SAP error message KD566 indicates that a settlement cannot be processed because the last settlement for the specified cost object (such as an internal order or a project) was posted in a specific posting period. This typically occurs when you attempt to settle costs for a cost object that has already been settled in a previous period, and the system is configured to prevent further settlements in subsequent periods.
  Cause:
  
  Previous Settlement: The cost object has already been settled in a prior posting period, and SAP restricts further settlements to maintain data integrity.
  Period Closure: The posting period in which the last settlement occurred may be closed, preventing any further changes or settlements.
  Configuration Settings: The system may be configured to restrict settlements after a certain period or after a settlement has been posted.
  
  Solution:
  
  Check Posting Period: Verify the posting period in which the last settlement was made. You can do this by checking the settlement history of the cost object.
  Open Posting Period: If you need to perform another settlement, you may need to open the relevant posting period in the configuration settings (if your organization allows this).
  Reversal of Settlement: If necessary, you can reverse the last settlement if it is appropriate to do so. This will allow you to settle the costs again. However, be cautious with this approach as it may have implications on financial reporting.
  Consult with Finance Team: If you are unsure about the implications of reversing a settlement or opening a period, consult with your finance or controlling team to ensure compliance with accounting policies.
  Use Transaction Codes: You can use transaction codes like KO88 (for order settlement) to check the status of settlements and to perform necessary actions.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as KO88 (Order Settlement), KOB1 (Order Line Items), and KOB2 (Order Line Items with Actual Data).
  SAP Notes: Check SAP Notes for any specific patches or updates related to this error message.
  Documentation: Review SAP documentation on internal orders and settlements for a deeper understanding of the processes involved.
  
  By following these steps, you should be able to address the KD566 error and proceed with your settlement activities in SAP.