How To Fix MQ757 - Period &1 is not allowed for reconciliation posting(s)

SAP Error Message - Details

• Message type: E = Error

• Message class: MQ - Messages for Euro Changeover Package

• Message number: 757

• Message text: Period &1 is not allowed for reconciliation posting(s)

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message MQ757 - Period &1 is not allowed for reconciliation posting(s) ?

  The SAP error message MQ757, which states "Period &1 is not allowed for reconciliation posting(s)," typically occurs in the context of financial postings, particularly when dealing with reconciliation processes in SAP. This error indicates that the specified period (denoted by &1) is closed or not open for posting, which prevents any reconciliation postings from being made in that period.
  Cause:
  
  Closed Posting Period: The most common cause is that the financial period you are trying to post to has been closed. In SAP, periods are often closed to prevent further postings after a certain date, usually at the end of a fiscal year or month.
  Configuration Settings: The configuration settings in the financial module may restrict postings to certain periods based on company policies or accounting practices.
  Authorization Issues: Sometimes, the user may not have the necessary authorizations to post in the specified period.
  
  Solution:
  
  Check Posting Period: Verify the status of the posting period in the SAP system. You can do this by navigating to the transaction code OB52 (Change Posting Periods). Ensure that the period you are trying to post to is open for the relevant company code.
  Adjust Period Settings: If the period is closed and you need to make a reconciliation posting, you may need to temporarily open the period. This should be done with caution and typically requires appropriate authorization.
  Consult with Finance Team: If you are unsure about opening a closed period, consult with your finance or accounting team to ensure compliance with internal policies.
  Check User Authorizations: Ensure that you have the necessary authorizations to post in the desired period. If not, contact your SAP security administrator to review and adjust your permissions.
  Use Correct Transaction: Make sure you are using the correct transaction for the type of posting you are trying to perform. Sometimes, using the wrong transaction can lead to errors.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  OB52: Change Posting Periods
  FB50: General Ledger Account Document Entry
  F-02: General Posting
  
  
  SAP Notes: Check SAP Notes for any specific patches or updates related to this error message.
  Documentation: Review SAP documentation or help files related to financial postings and reconciliation processes for additional context and guidelines.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a technical consultant for further assistance.