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

KT162 - Overview

• 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.

KT162 - Details

• 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