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

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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 to access. You can do this by checking the period status in the relevant transaction (e.g., transaction code OB52 for controlling periods).
  Use the Next Valid Period: If the error message indicates the next valid period, consider using that period for your transaction.
  Adjust Configuration: If you have the necessary permissions, check the configuration settings for the fiscal year variant and ensure that the periods are correctly defined.
  Consult with Your SAP Administrator: If you are unsure about the period status or configuration, consult with your SAP administrator or finance team to get clarity on the period settings and any potential issues.
  Authorization Check: Ensure that you have the necessary authorizations to post in the desired period. If not, you may need to request additional permissions.
  
  Related Information:
  
  Transaction Codes: 
  
  OB52: To maintain the period status for financial postings.
  OBA7: To check and maintain the fiscal year variant settings.
  
  
  Documentation: Refer to SAP Help documentation for detailed information on fiscal year variants and period management.
  User Roles: Ensure that your user role has the necessary permissions to perform actions in the specified periods.
  
  By following these steps, you should be able to resolve the UMB242 error and successfully complete your transaction.