How To Fix /PM0/ABJ_MSG174 - Successive closed financial periods exist

SAP Error Message - Details

• Message type: E = Error

• Message class: /PM0/ABJ_MSG -

• Message number: 174

• Message text: Successive closed financial periods exist

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message /PM0/ABJ_MSG174 - Successive closed financial periods exist ?

  The SAP error message /PM0/ABJ_MSG174 indicates that there are successive closed financial periods in the system, which prevents certain transactions or postings from being processed. This error typically arises in the context of financial accounting and controlling when trying to post entries to periods that have already been closed.
  Cause:
  
  Closed Financial Periods: The primary cause of this error is that the financial periods you are trying to post to have been closed in the system. This is a common practice in financial accounting to ensure that no further changes can be made to past periods.
  Configuration Settings: The settings in the financial accounting module may restrict postings to closed periods based on company policy or regulatory requirements.
  Transaction Type: The type of transaction you are attempting to execute may not be allowed in closed periods.
  
  Solution:
  
  
  Check Financial Period Status:
  
  Navigate to the financial period closing settings in SAP (Transaction Code: OB52).
  Review the status of the financial periods to confirm which periods are closed.
  
  
  
  Open the Period:
  
  If it is necessary to post to a closed period, you may need to temporarily open that period. This can be done by adjusting the settings in OB52, but be cautious as this can affect financial reporting and compliance.
  Ensure that you have the necessary authorizations to make these changes.
  
  
  
  Post to an Open Period:
  
  If possible, adjust your posting to a period that is still open. This is the preferred approach to maintain the integrity of financial data.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about the implications of opening a closed period, consult with your finance or accounting team to ensure compliance with internal policies and regulations.
  
  
  
  Review Transaction Types:
  
  Ensure that the transaction type you are using is allowed for the period you are trying to post to. Some transaction types may have restrictions based on the period status.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB52: Used to manage the open and closed periods in financial accounting.
  F.01: Financial statements can be generated to review the impact of period closing.
  
  
  
  Documentation: Refer to SAP Help documentation for detailed information on financial period closing and posting rules.
  
  
  User Authorizations: Ensure that you have the necessary authorizations to change period statuses or perform postings.
  
  
  Best Practices: It is generally advisable to avoid posting to closed periods unless absolutely necessary, as this can lead to discrepancies in financial reporting.
  
  
  By following these steps, you should be able to resolve the error and understand the implications of posting to closed financial periods in SAP.