How To Fix MY302 - Fiscal year &1 and period &2 not allowed

MY302 - Overview

• Message type: E = Error

• Message class: MY - Messages for Balance Sheet Valuation(Low.Val.Det./LIFO/FIFO)

• Message number: 302

• Message text: Fiscal year &1 and period &2 not allowed

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message MY302 - Fiscal year &1 and period &2 not allowed ?

  The SAP error message MY302 indicates that a transaction is being attempted in a fiscal year and period that is not allowed based on the configuration of the system. This typically occurs in the context of financial postings, where the system checks whether the specified fiscal year and period are open for posting.
  
  Cause:
  
  Closed Fiscal Year/Period: The fiscal year or period you are trying to post to is closed. This can happen if the period has been closed in the financial settings.
  Configuration Settings: The settings in the financial accounting module (FI) may restrict postings to certain periods or years.
  Posting Date: The posting date of the transaction may fall outside the allowed range of open periods.
  Document Type Restrictions: Certain document types may have restrictions on which periods they can be posted to.
  
  
  Solution:
  
  
  Check Period Status: Verify the status of the fiscal year and period in the configuration settings. You can do this by