How To Fix M7053 - Posting only possible in periods &1 and &2 in company code &3

M7053 - Overview

• Message type: E = Error

• Message class: M7 - Inventory Management and Physical Inventory

• Message number: 053

• Message text: Posting only possible in periods &1 and &2 in company code &3

What causes this issue?

The posting date entered is not within one of the permitted posting
periods (current period/previous period).
This can be due to one of two reasons:
The correct current period has not been set in the system.
For the system, the first of the entered periods is the current period.
At the beginning of a new period, your systems administrator must
change the current period in the material master record, using the
function "Shift periods". This has not yet been done.

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

You have entered a wrong date in the field "Posting date".

How to fix this error?

Check the posting date and correct it if necessary. If your input is
correct, inform your systems administrator that the "period shifting"
(period-end closing) process has not yet been completed. <ZV>Copied
from M8022</>

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message M7053 - Posting only possible in periods &1 and &2 in company code &3 ?

  The SAP error message M7053 indicates that a posting is being attempted outside of the allowed posting periods for a specific company code. This error typically occurs in the context of inventory management or financial accounting when trying to post a transaction in a period that has been closed or is not open for posting.
  
  Cause:
  The error message M7053 is triggered when:
  
  The posting date of the transaction falls outside the open posting periods defined in the system for the specified company code.
  The system settings restrict postings to certain periods, and the current date does not fall within those periods.
  
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check the Posting Periods:
  
  Go to the transaction code OB52 (or use the menu path: Financial Accounting > General Ledger > Periodic Processing > Open and Close Posting Periods).
  Verify the open and closed periods for the relevant company code. Ensure that the posting date of