How To Fix KT162 - Check posting period &1 &2

SAP Error Message - Details

• Message type: E = Error

• Message class: KT - RK Message Table Maintenance

• Message number: 162

• Message text: Check posting period &1 &2

What causes this issue?

The posting period is not valid.
A period version is assigned to the controlling area. The period you
have entered is not within the corresponding area.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Enter a valid posting period and restart accrual calculation.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KT162 - Check posting period &1 &2 ?

  The SAP error message KT162 "Check posting period &1 &2" typically occurs when there is an issue with the posting period in the context of controlling (CO) or financial accounting (FI) transactions. This error indicates that the system is unable to post a transaction because the specified posting period is either closed or not open for the type of transaction being attempted.
  Cause:
  
  Closed Posting Period: The posting period you are trying to use is closed. This can happen if the period has been closed for financial reporting or if it is outside the allowed posting periods defined in the system.
  Incorrect Period Settings: The settings for the posting periods in the controlling area or company code may not allow postings for the specified period.
  Transaction Type Restrictions: Certain transaction types may have specific restrictions on which periods they can be posted to.
  User Authorization: The user may not have the necessary authorizations to post in the specified period.
  
  Solution:
  
  
  Check Posting Period Status:
  
  Go to the transaction code OB52 (for financial accounting) or OKP1 (for controlling) to check the status of the posting periods.
  Ensure that the period you are trying to post to is open for the relevant company code and controlling area.
  
  
  
  Open the Posting Period:
  
  If the period is closed and you need to post to it, you can open the period by adjusting the settings in OB52 or OKP1. Be cautious when doing this, as it may affect financial reporting.
  
  
  
  Review Transaction Type:
  
  Ensure that the transaction type you are using is allowed for the specified posting period. You may need to consult with your finance team to understand any restrictions.
  
  
  
  User Authorization:
  
  Check if the user has the necessary authorizations to post in the specified period. If not, you may need to contact your SAP security team to adjust the user's roles.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for any specific configurations or settings that may be affecting the posting periods.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OB52: Maintain Posting Periods for Financial Accounting
  OKP1: Maintain Posting Periods for Controlling
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to posting periods.
  User Roles: Ensure that the user has the correct roles assigned to perform postings in the desired periods.
  
  By following these steps, you should be able to resolve the KT162 error and successfully post your transactions.