How To Fix M8206 - Please check: posting to previous fiscal year

SAP Error Message - Details

• Message type: E = Error

• Message class: M8 - Invoice Verification/Valuation

• Message number: 206

• Message text: Please check: posting to previous fiscal year

What causes this issue?

In the material control record, the posting date is in the previous
fiscal year.

System Response

When the invoice is posted, the system updates the total value for the
current period and the total value for the previous year in the material
master record for material postings.

How to fix this error?

Check the posting date and change it if necessary.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message M8206 - Please check: posting to previous fiscal year ?

  The SAP error message M8206, which states "Please check: posting to previous fiscal year," typically occurs when a user attempts to post a transaction to a period that is closed in the previous fiscal year. This is a common issue in financial and inventory management processes within SAP.
  Cause:
  
  Closed Fiscal Year: The fiscal year or period you are trying to post to has been closed. In SAP, once a fiscal year is closed, no further postings can be made to that year.
  Period Locking: The specific posting period may be locked for posting due to configuration settings in the financial module.
  Configuration Settings: The settings in the controlling area or company code may restrict postings to previous periods.
  Document Type Restrictions: Certain document types may have restrictions on posting to previous periods.
  
  Solution:
  
  Check Fiscal Year Status: Verify if the fiscal year is indeed closed. You can do this by checking the fiscal year settings in the configuration (transaction code OB52).
  Open the Period: If necessary and appropriate, you can open the previous period for posting. This can be done by:
  
  Navigating to the transaction code OB52.
  Adjusting the period settings to allow postings for the required period.
  
  
  Use Correct Posting Period: Ensure that you are posting to the correct and open period. If the transaction can be posted in the current fiscal year, adjust the posting date accordingly.
  Consult with Finance Team: If you are unsure about opening a closed period, consult with your finance or accounting team to ensure compliance with accounting policies.
  Check Document Type: Review the document type being used for the posting to ensure it allows postings to previous periods.
  
  Related Information:
  
  Transaction Codes: 
  
  OB52: To manage posting periods.
  FBV0: To reverse a document if needed.
  
  
  SAP Notes: Check SAP Notes for any specific issues related to your version of SAP that might provide additional context or solutions.
  User Authorizations: Ensure that you have the necessary authorizations to post to the desired periods.
  Training and Documentation: Review SAP training materials or documentation related to financial postings and period management for further understanding.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant for further assistance.