How To Fix UMB242 - The entered period &1 is invalid; the next valid period is &2

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 242

• Message text: The entered period &1 is invalid; the next valid period is &2

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message UMB242 - The entered period &1 is invalid; the next valid period is &2 ?

  The SAP error message UMB242 indicates that the period you are trying to enter is invalid, and it suggests that the next valid period is indicated by &2. This error typically occurs in the context of financial postings, period-end closing activities, or when trying to access certain reports or transactions that are period-dependent.
  
  Cause:
  
  Closed Period: The period you are trying to access or post to has been closed in the system. This is common in financial modules where periods are closed for reporting purposes.
  Incorrect Period Entry: The period you entered may not exist in the system, either due to a typo or because it has not been defined in the configuration.
  Authorization Issues: Sometimes, users may not have the necessary authorizations to access certain periods.
  Configuration Settings: The fiscal year variant or period settings may not be correctly configured in the system.
  
  
  Solution:
  
  Check Period Status: Verify the status of the period you are trying