How To Fix /PRA/ACCOUNTING071 - Posting accounting period not defined for company &1

SAP Error Message - Details

• Message type: E = Error

• Message class: /PRA/ACCOUNTING -

• Message number: 071

• Message text: Posting accounting period not defined for company &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message /PRA/ACCOUNTING071 - Posting accounting period not defined for company &1 ?

  The SAP error message /PRA/ACCOUNTING071 Posting accounting period not defined for company &1 typically indicates that the system is unable to find a defined posting period for the specified company code in the context of the application you are using (in this case, it appears to be related to the Public Sector Management or a similar module).
  Cause:
  
  Missing Posting Period Definition: The most common cause of this error is that the posting period for the specified company code has not been defined in the system.
  Incorrect Configuration: The configuration settings for the fiscal year variant or the posting periods may not be set up correctly.
  Period Locking: The posting period may be locked for the company code, preventing any postings from being made.
  Incorrect Company Code: The company code specified in the transaction may be incorrect or not properly set up in the system.
  
  Solution:
  
  
  Define Posting Periods:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO (Customizing) ? Financial Accounting ? Financial Accounting Global Settings ? Periods ? Open and Close Posting Periods.
  Check if the posting periods for the relevant company code are defined. If not, you will need to create or adjust them.
  
  
  
  Check Fiscal Year Variant:
  
  Ensure that the fiscal year variant assigned to the company code is correctly configured.
  Navigate to SPRO ? Financial Accounting ? Financial Accounting Global Settings ? Fiscal Year ? Define Fiscal Year Variants.
  Verify that the fiscal year variant includes the necessary posting periods.
  
  
  
  Unlock Posting Periods:
  
  If the posting period is locked, you can unlock it by going to the same path as above and adjusting the settings to allow postings for the required period.
  
  
  
  Verify Company Code:
  
  Double-check that the company code you are using in the transaction is correct and that it is properly set up in the system.
  
  
  
  Consult Documentation: If you are unsure about the configuration, refer to SAP documentation or consult with your SAP administrator or functional consultant for assistance.
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OB52 (to open/close posting periods) and OBY6 (to check fiscal year variants) for quick access to the relevant settings.
  User Authorizations: Ensure that you have the necessary authorizations to make changes to the posting periods and company code settings.
  Testing: After making changes, perform a test posting to ensure that the issue is resolved.
  
  By following these steps, you should be able to resolve the error message and successfully post transactions for the specified company code.