How To Fix M7728 - Phys. inventory document can only be created for year &

SAP Error Message - Details

• Message type: E = Error

• Message class: M7 - Inventory Management and Physical Inventory

• Message number: 728

• Message text: Phys. inventory document can only be created for year &

What causes this issue?

The <GL:fiscal_year>fiscal year</> of the current period is &V1&.
Physical inventory documents may only be posted in this fiscal year.

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?

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message M7728 - Phys. inventory document can only be created for year & ?

  The SAP error message M7728, which states "Phys. inventory document can only be created for year &," typically occurs when you attempt to create a physical inventory document for a fiscal year that is either closed or not open for posting in the system. This error is related to the inventory management module in SAP.
  Cause:
  
  Closed Fiscal Year: The fiscal year you are trying to create the physical inventory document for has been closed in the system.
  Incorrect Year: You may be trying to create a document for a year that does not exist in the system.
  Configuration Issues: The configuration settings for the fiscal year in the system may not allow for the creation of inventory documents for the specified year.
  
  Solution:
  
  
  Check Fiscal Year Status:
  
  Go to the transaction code OB52 to check the status of the fiscal year. Ensure that the year you are trying to create the document for is open for posting.
  If the year is closed, you may need to open it temporarily to create the physical inventory document, or you may need to create the document for the current open year.
  
  
  
  Create Document for Current Year:
  
  If possible, create the physical inventory document for the current fiscal year instead of the closed one.
  
  
  
  Adjust Configuration:
  
  If you have the necessary authorizations, check the configuration settings related to the fiscal year in the SAP IMG (Implementation Guide) under Financial Accounting (FI) > Financial Accounting Global Settings > Fiscal Year. Ensure that the settings allow for the creation of physical inventory documents as needed.
  
  
  
  Consult with Your SAP Administrator:
  
  If you are unsure about the fiscal year settings or how to proceed, consult with your SAP administrator or a functional consultant who can provide guidance based on your organization's specific configuration and policies.
  
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  OB52: To check and manage the open and closed periods for posting.
  MI01: To create a physical inventory document.
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional context.
  
  
  Documentation: Review SAP documentation related to inventory management and fiscal year settings for more detailed information on how to manage physical inventory documents.
  
  
  By following these steps, you should be able to resolve the M7728 error and successfully create the physical inventory document.