How To Fix T0124 - Transaction &2 in company code &1 concluded

SAP Error Message - Details

• Message type: E = Error

• Message class: T0 - General Treasury

• Message number: 124

• Message text: Transaction &2 in company code &1 concluded

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message T0124 - Transaction &2 in company code &1 concluded ?

  The SAP error message T0124 indicates that a transaction in a specific company code has been concluded, meaning that it is no longer possible to post any further transactions to that company code for the specified period. This typically occurs when the financial period has been closed, and no further entries can be made.
  Cause:
  
  Period Closure: The most common cause of this error is that the financial period for the specified company code has been closed. This is a standard practice in financial accounting to ensure that no further changes can be made to the financial statements for that period.
  Year-End Closing: If the year-end closing process has been completed, it may also lead to this error, as all transactions for the closed year are locked.
  Authorization Issues: In some cases, the user may not have the necessary authorizations to post transactions in the specified company code.
  
  Solution:
  
  Check Period Status: Verify the status of the financial period in the relevant company code. You can do this by navigating to the transaction code OB52 (Change View "Periods": Overview) to see if the period is indeed closed.
  Open the Period: If you need to post transactions for that period, you may need to open the period again. This can be done by an authorized user (usually someone in the finance department) by changing the period status in transaction code OB52.
  Post in the Correct Period: If the period is closed and cannot be opened, you may need to post your transactions in the next open period.
  Check Authorizations: Ensure that the user has the necessary authorizations to post transactions in the specified company code. If not, contact your SAP security administrator to grant the required permissions.
  
  Related Information:
  
  Transaction Codes: 
  
  OB52: To check and change the status of posting periods.
  FB50: To post general ledger entries.
  F-02: To post journal entries.
  
  
  Documentation: Refer to SAP documentation or your organization's internal guidelines for handling period closures and financial postings.
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or solutions related to this error message.
  
  If you continue to experience issues after following these steps, it may be beneficial to consult with your SAP support team or a financial consultant familiar with your organization's SAP configuration.