3466416 - Error: Fiscal year & and period & not open for company & and set of books &

Unposted source documents with the following error:

Fiscal year YYYY and period XXX not open for company ABCD (Company Name) and set of books XYZ

SAP Business ByDesign

1. Go to General Ledger Work Center > Source Documents view
2. Select Unposted Source Documents
3. Search for the affected unposted document
4. Document is unposted with the following error:
   Fiscal year & and period & not open for company & and set of books 
   
   

Fiscal year YYYY and period XXX not open for company ABCD (Company Name) and set of books XYZ. The system is attempting to make an inventory posting to a previous period. This posting will result in a revaluation in the following period (XXX/YYYY).

1. Go to General Ledger Work Center > Source Documents view
2. Search for the affected unposted document
3. Click Actions > View Business Transaction
4. You can see the error: Fiscal year YYYY and period XXX not open for company ABCD (Company name) and set of books XYZ
5. Click on the hyperlink to open the details
6. The following description is shown:
   

   Fiscal year YYYY and period XXX not open for company ABCD (Company Name) and set of books XYZ. The system is attempting to make an inventory posting to a previous period. This posting will result in a revaluation in the following period (XXX/YYYY).

   However, period (XXX/YYYY) is not open. You therefore need to open period (XXX/YYYY) for closing step "Operational postings" in company ABCD (Company Name) and for set of books XYZ.

   This closing step is assigned to the business transaction type Determine Material Costs Automatically.

   Reason of the revaluation:

   --------------------------

   When an inventory posting is processed for a previous period, the system takes into account the following variables:

   * Inventory quantity
   * Inventory value
   * Perpetual cost method
   * Inventory cost

   The system uses these variables to check whether revaluations are necessary for the periods following the posting period.

   Example 1:

   For a material with the Standard perpetual cost method, a revaluation can be necessary when the inventory cost in a following period differs from that of the posting period.

   Example 2:

   For a material with the Moving Average perpetual cost method, a revaluation can be necessary when the inventory quantity is zero or negative for the following period. If the inventory quantity is negative, the Moving Average cost method behaves like the Standard cost method and the inventory cost of this period does not change. In both cases the system posts to the inventory account in the following period.

   Note that these examples do not cover all possible cases.

    

In order to post the source document, it is necessary to open period (XXX/YYYY) for closing step "Operational postings" in company ABCD (Company Name) and for set of books XYZ.

1. Go to General Ledger Work Center > Set of Books and Assigned Companies view
2. Go to Advanced Search
3. Search for the Company ID "ABCD" and Set of Book "XYZ"
4. Click Go
5. Click Open and Close Periods
6. Find the affected period (XXX/YYYY) and open it for Operational postings
7. Save your changes
8. Try to post the document again

unposted source document, Fiscal year & and period & not open for company & and set of books & , KBA , SRD-FIN-GL , General Ledger , How To