How To Fix UCFR016 - Restatement &1 is not valid in period &2

SAP Error Message - Details

• Message type: E = Error

• Message class: UCFR - Messages for Restatements

• Message number: 016

• Message text: Restatement &1 is not valid in period &2

What causes this issue?

The selection contains restatement &v1& along with period &v2&. However,
period &v2& is greater than restatement period &v3&, which is assigned
to restatement &v1&. The selection is therefore invalid.

System Response

The system terminates processing.

How to fix this error?

Change the selection or the <DS:GLOS.C41828796C82D511B1250008C784EFB1>
permanent parameters</>. The period must be within the validity of the
restatement.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message UCFR016 - Restatement &1 is not valid in period &2 ?

  The SAP error message UCFR016 indicates that a restatement (or adjustment) for a specific financial document or entry is not valid for the specified period. This typically occurs in the context of financial reporting or closing processes, where adjustments to prior periods are being attempted.
  Cause:
  
  Period Closure: The period you are trying to restate may already be closed. In SAP, once a financial period is closed, no further adjustments or postings can be made to that period.
  Invalid Restatement: The restatement you are trying to perform may not be applicable for the specified period due to business rules or configurations.
  Configuration Issues: There may be settings in the financial module that restrict restatements for certain periods or types of entries.
  Data Entry Errors: There could be a mistake in the data entry, such as incorrect period or document number.
  
  Solution:
  
  Check Period Status: Verify if the period you are trying to restate is still open. You can do this by checking the period status in the financial closing cockpit or relevant transaction codes (e.g., OB52 for period control).
  Review Restatement Rules: Ensure that the restatement you are attempting is valid for the specified period. Consult your financial policies or SAP configuration settings.
  Adjust Posting Date: If the period is closed, you may need to make the adjustment in the next open period or follow your organization's policy for handling adjustments to closed periods.
  Consult Documentation: Review SAP documentation or consult with your SAP support team for specific configurations related to restatements in your system.
  Error Logs: Check for any additional error logs or messages that may provide more context on why the restatement is not valid.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FB50 (General Ledger), FBL1N (Vendor Line Items), or FBL3N (G/L Account Line Items) to review entries.
  SAP Notes: Look for SAP Notes related to UCFR016 for any patches or updates that may address this issue.
  User Roles and Authorizations: Ensure that you have the necessary authorizations to perform restatements in the specified period.
  Consult with Finance Team: Engage with your finance or accounting team to understand the implications of restating entries and the correct procedures to follow.
  
  By following these steps, you should be able to identify the cause of the error and take appropriate action to resolve it.