How To Fix OIUVL045 - Posting Date entered is not in the current or previous posting period

SAP Error Message - Details

• Message type: E = Error

• Message class: OIUVL - E&P Valuation

• Message number: 045

• Message text: Posting Date entered is not in the current or previous posting period

What causes this issue?

The Posting Date entered could result in processing errors during
Financial postings.

System Response

This is a warning message.

How to fix this error?

Either correct the Posting Date or press Enter to continue.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message OIUVL045 - Posting Date entered is not in the current or previous posting period ?

  The SAP error message OIUVL045, which states "Posting Date entered is not in the current or previous posting period," typically occurs when you attempt to post a transaction with a posting date that falls outside the allowed posting periods defined in the system. This is a common issue in financial transactions, and it can arise in various modules, including Asset Accounting, General Ledger, and others.
  Cause:
  
  Posting Period Configuration: The posting date you are trying to use is not within the current or previous posting periods as defined in the configuration settings of your SAP system.
  Period Locking: The posting period may be closed for the current or previous month, preventing any postings from being made for those periods.
  Incorrect Date Entry: The date entered may be incorrect or formatted improperly, leading to the system rejecting it.
  
  Solution:
  
  
  Check 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 settings for the relevant company code and ensure that the posting period you are trying to use is open.
  
  
  
  Adjust Posting Date:
  
  If the posting date is indeed outside the allowed periods, change the posting date to a valid one that falls within the current or previous posting periods.
  
  
  
  Consult with Finance Team:
  
  If you believe the posting date should be valid, consult with your finance team or SAP administrator to check if there are any specific rules or configurations that might be affecting the posting periods.
  
  
  
  Transaction Type:
  
  Ensure that the transaction type you are using allows postings to the desired period. Some transaction types may have restrictions.
  
  
  
  System Settings:
  
  If necessary, adjust the system settings to allow postings to the desired period, but be cautious as this can have implications for financial reporting and compliance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FB50 (General Ledger Account Document Entry), F-02 (General Posting), or AS01 (Create Asset) depending on where the error occurs.
  User Roles and Authorizations: Ensure that you have the necessary authorizations to post in the desired periods.
  Documentation: Refer to SAP documentation or help files for more detailed information on posting periods and related configurations.
  
  By following these steps, you should be able to resolve the OIUVL045 error and successfully post your transaction.