How To Fix REXCFR004 - Settlement period not found for settlement variant &1

SAP Error Message - Details

• Message type: E = Error

• Message class: REXCFR - RE-FX Localization - France

• Message number: 004

• Message text: Settlement period not found for settlement variant &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message REXCFR004 - Settlement period not found for settlement variant &1 ?

  The SAP error message REXCFR004, which states "Settlement period not found for settlement variant &1," typically occurs in the context of settlement processing in SAP, particularly when dealing with internal orders, projects, or other cost objects that require settlement.
  Cause:
  The error is usually caused by one of the following reasons:
  
  
  Missing Settlement Period: The specified settlement variant does not have a defined settlement period for the fiscal year in question. This can happen if the period has not been opened for settlement or if the configuration is incomplete.
  
  
  Incorrect Configuration: The settlement variant may not be properly configured in the system. This includes settings related to the fiscal year variant, periods, and the assignment of the settlement variant to the relevant cost objects.
  
  
  Fiscal Year Variant Issues: The fiscal year variant assigned to the settlement variant may not match the fiscal year variant of the controlling area or the cost object.
  
  
  Period Status: The period in which you are trying to perform the settlement may be closed or not open for posting.
  
  
  Solution:
  To resolve the REXCFR004 error, you can take the following steps:
  
  
  Check Settlement Variant Configuration:
  
  Go to the configuration for the settlement variant in the SAP system (Transaction code: OKO7).
  Ensure that the settlement periods are correctly defined for the fiscal year in question.
  
  
  
  Open the Required Period:
  
  Check if the period you are trying to settle is open. You can do this by navigating to the period control settings (Transaction code: OB52) and ensuring that the relevant period is open for posting.
  
  
  
  Verify Fiscal Year Variant:
  
  Ensure that the fiscal year variant assigned to the settlement variant matches the fiscal year variant of the controlling area and the cost object.
  
  
  
  Check Assignment of Settlement Variant:
  
  Ensure that the settlement variant is correctly assigned to the relevant cost objects (e.g., internal orders, projects).
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for any specific notes or guidelines related to the settlement variant and periods.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for further assistance, especially if there are any underlying system issues.
  
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  OKO7 (Settlement Variants)
  OB52 (Open and Close Posting Periods)
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to settlement variants and periods.
  
  
  Documentation: Review the SAP Help Portal for detailed information on settlement processes and configuration.
  
  
  By following these steps, you should be able to identify and resolve the cause of the REXCFR004 error in your SAP system.