How To Fix VFRR015 - Company code &1 is closed for period/financial jahr &2/&3

SAP Error Message - Details

• Message type: E = Error

• Message class: VFRR - SD revenue recognition

• Message number: 015

• Message text: Company code &1 is closed for period/financial jahr &2/&3

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message VFRR015 - Company code &1 is closed for period/financial jahr &2/&3 ?

  The SAP error message VFRR015 indicates that a specific company code is closed for a particular period or fiscal year. This typically occurs when you attempt to post transactions in a period that has been closed in the financial accounting module.
  Cause:
  
  Period Closure: The company code has been closed for the specified period or fiscal year. This is a common practice in financial accounting to prevent any further postings that could affect the financial statements for that period.
  Configuration Settings: The period may have been closed due to configuration settings in the financial accounting module, where the system is set to restrict postings to certain periods.
  Year-End Closing: The fiscal year-end closing process may have been completed, which locks the periods for that year.
  
  Solution:
  
  Check Period Status: Verify the status of the period in question. You can do this by navigating to the transaction code OB52 (Change View "Periods": Overview) in SAP. Here, you can see which periods are open or closed for posting.
  Open the Period: If you have the necessary authorization, you can open the period for posting. This is done in the same transaction (OB52) by adjusting the date ranges for the company code.
  Consult with Finance Team: If you do not have the necessary permissions to change the period status, consult with your finance or accounting team. They may have specific policies regarding period openings and closings.
  Post in the Correct Period: If the period is closed and cannot be opened, you may need to post your transaction in the next open period or follow the appropriate procedures for adjustments.
  
  Related Information:
  
  
  Transaction Codes: 
  
  OB52: To check and change the posting periods.
  FBL1N: To view vendor line items, which may help in understanding the context of the posting.
  FB50: To post general ledger entries, if you need to make adjustments in an open period.
  
  
  
  Documentation: Refer to SAP documentation or your organization's internal guidelines for handling period closures and postings.
  
  
  User Roles: Ensure that you have the appropriate user roles and permissions to make changes to posting periods.
  
  
  Audit Trail: Keep in mind that opening closed periods can have implications for financial reporting and auditing, so it should be done with caution and proper documentation.
  
  
  By following these steps, you should be able to address the VFRR015 error message effectively.