SAP FICO How to Open and close FI posting periods by using OB52

If you encounter the following errors, you need to follow the steps above to resolve them.

• Message no. F5903 Posting period 001 xxxx not open for variant 0001 and ledger ZL
• Message no.  F5201 Posting period xxx xxxx not open, then you need to follow the above steps to fix the issue.
• Message no. F5286 Period xx/xxxx is not open for Account type X and G/L xxxxxx
• Message no. M7053 Posting only possible in periods

In SAP, financial documents are assigned to posting periods. With a calendar-dependent variant, a document dated 1/1/2020 goes to period 1. The posting period limits where we can post. It makes no sense to post a 1/1/2020 entry to later periods; it should go to period 1, though December 2019 may still be open for some postings if its books aren't closed. 

OBY6: Uncertain about the posting period assigned to your company code? Here's what you can do. Simply access transaction code OBY6. Input your company code, and then you'll be able to check which posting period variant has been allocated.

 

OB52: Input the transaction code OB52 to open the transaction for managing open and close periods. 

PS: If no values are visible on the following screen, click on "New Entries" to create the values first.

• Account Type A: This refers to the account type for which you'll manage period openings and closings. Take "A" as an example, which stands for Assets. In the year 2020, when dealing with asset accounts, postings can only be made within Period 3. Any attempt to post in other periods will trigger an error message.
• Account Type D: "D" is the code for customer accounts. Whenever you're making a posting related to a customer, the SAP system will verify whether the "D" account type is open during that specific posting period.
• Account Type K: It's designated for vendor accounts. When you post entries to a vendor master record, the "K" type account must be open; otherwise, the posting won't go through.
• Account Type M: This one is for material accounts.
• Account Type S: This represents general ledger (G/L) accounts. When you need to post to any G/L accounts, the relevant settings for the "S" account type come into play.

Please take note that the “+” account type must be open during the period when you're attempting to post. For instance, if you're trying to post to a vendor in period 6, but the “+” account type is only open from period 5 to period 5, you'll receive an error, even if the “K” (vendor) account type is open from period 6 to period 6.

• From acct: If you leave this column blank, then it applies for all accounts in that category. You can also enter a range of accounts or a particular account if you want that account to have a different period open. e.g., if your asset range is from 1000000-1500000, if you leave the from account field blank, everything in this range can only be posted to in period 3. But if you want to have account 150000-1500010 open for period 3 and 4, you would enter that range in there, and you would have two lines for “A” one line range will be 150000-1500010 and open for period 3-4, and another line will be blank and open for period 3 only.

• To account: The ending range of the account. E.g., 1500010 ( from the range 1500000-1500010)
• From per.1: This is the first period that is open for the range specified in the previous column. E.g., if we are opening period 3 to 4, we would enter 3 in this field.
• Year: The from year. E.g., we would period 3-4 of 2020 to be open, so we enter 2024 in here.
• To per. 1: The ending month for this range. E.g., you would enter 4 in this field if you would need the ending month to be 4.
• Year: This is the  "to" year. E.g., if you are only opening 2020, then the value in the "From year"  and "To year" would both be 2020, but in year-end situations where you want December 2020 to Jan 2021 open, you will enter 2021 in this field.
• From Per.2: Enter special periods here.
• From Per.3: Postings that are transferred from CO to FI are checked against this interval. This is rarely used. Actually, I have never seen this being used.

Note that it's crucial to keep these periods in sync with the MM periods. If a posting originates from MM, and the MM period is closed while the FI period is open, you'll still encounter an error. The transaction code for the MM period is MMPV.

To modify the currently open periods, simply change the value and click on the save button.