How To Fix /SAPCE/FKPL_MSG005 - For fiscal year &1, only the &2 period is valid

SAP Error Message - Details

• Message type: E = Error

• Message class: /SAPCE/FKPL_MSG -

• Message number: 005

• Message text: For fiscal year &1, only the &2 period is valid

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message /SAPCE/FKPL_MSG005 - For fiscal year &1, only the &2 period is valid ?

  The SAP error message /SAPCE/FKPL_MSG005 typically indicates that there is an issue with the fiscal year and period settings in the system. This error occurs when a user attempts to perform an action (such as posting a document) in a period that is not valid for the specified fiscal year.
  Cause:
  
  Invalid Period: The period you are trying to post to is either closed or not open for the specified fiscal year.
  Fiscal Year Variant: The fiscal year variant settings may not allow postings in the specified period.
  Period Locking: The period may be locked for posting due to configuration settings or manual locks.
  Incorrect Date: The date of the transaction may fall outside the valid range of periods for the fiscal year.
  
  Solution:
  
  
  Check Period Status:
  
  Go to the transaction code OB52 to check the status of the posting periods for the relevant company code and fiscal year. Ensure that the period you are trying to post to is open.
  
  
  
  Adjust Posting Periods:
  
  If the period is closed and you need to post to it, you can temporarily open the period in OB52. However, be cautious with this approach, as it may affect financial reporting.
  
  
  
  Verify Fiscal Year Variant:
  
  Check the fiscal year variant assigned to your company code in the configuration settings. Ensure that it is set up correctly and that the periods align with your business requirements.
  
  
  
  Review Transaction Date:
  
  Ensure that the transaction date you are using is correct and falls within the valid range of periods for the fiscal year.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about making changes to the posting periods or fiscal year settings, consult with your finance or accounting team to ensure compliance with financial policies.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB52: Change Posting Periods
  OB29: Define Fiscal Year Variant
  OB37: Assign Company Code to Fiscal Year Variant
  
  
  
  Documentation: Refer to SAP Help documentation for detailed information on fiscal year settings and period control.
  
  
  User Authorization: Ensure that you have the necessary authorizations to change posting periods or fiscal year settings.
  
  
  By following these steps, you should be able to resolve the error message /SAPCE/FKPL_MSG005 and successfully post your transactions.