How To Fix UMB194 - Current period is closed.

SAP Error Message - Details

• Message type: E = Error

• Message class: UMB - SEM-CPM: Balanced Scorecard

• Message number: 194

• Message text: Current period is closed.

What causes this issue?

The period was closed in your Risk Management. All data for the current
period is fixed and can no longer be changed.

System Response

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

How to fix this error?

You can reopen the period in the <DS:TRAN.UMB_ADMIN>Balanced Scorecard
Monitor </>

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message UMB194 - Current period is closed. ?

  The SAP error message UMB194 ("Current period is closed") typically occurs when you attempt to post a transaction in a financial period that has already been closed. This is a common issue in financial accounting and controlling modules, where periods are often closed to prevent further postings and ensure the integrity of financial reporting.
  Cause:
  
  Period Closure: The financial period you are trying to post to has been closed in the system. This is usually done at the end of a month, quarter, or year to finalize financial statements.
  Configuration Settings: The settings in the financial module may restrict postings to closed periods based on company policy or regulatory requirements.
  Posting Date: The posting date of the transaction falls within a closed period.
  
  Solution:
  
  Check Period Status: Verify the status of the financial period in question. You can do this by navigating to the transaction code OB52 (Change View "Open and Close Posting Periods") to see which periods are open for posting.
  Change Posting Date: If the transaction date is within a closed period, consider changing the posting date to an open period.
  Reopen the Period: If necessary and permissible, you can reopen the closed period. This typically requires authorization and should be done with caution to maintain the integrity of financial data. This can also be done in transaction code OB52.
  Consult with Finance Team: If you are unsure about reopening a period or changing a posting date, consult with your finance or accounting team to ensure compliance with internal policies and regulations.
  
  Related Information:
  
  
  Transaction Codes: 
  
  OB52: To manage open and closed posting periods.
  FB01: To post financial documents.
  FBL1N/FBL3N/FBL5N: To view line items for vendors, G/L accounts, and customers respectively.
  
  
  
  Documentation: Refer to SAP documentation or your organization's internal guidelines for handling financial postings and period closures.
  
  
  User Roles: Ensure that you have the necessary permissions to view and modify posting periods, as this may be restricted based on user roles.
  
  
  Impact of Reopening Periods: Be aware that reopening periods can have implications for financial reporting and audits, so it should be done judiciously.
  
  
  By following these steps, you should be able to resolve the UMB194 error and proceed with your financial transactions in SAP.