Posting only possible in periods for Company Code (Solved)

Learn to resolve posting only available in periods in company code error. Discover the importance of closing posting periods. Navigate through the intricacies with confidence.

As per accounting best practices, it’s important to close posting periods in SAP as part of your month-end processes. This ensures that your books are closed and organized. If you try to post a material document for a period that is not open, you might encounter an error message saying “Posting is only possible in period in company code“.

Read why month end closing is such a big deal. 

Having understood the context, let us see in what cases you may come across the situation and what can you do resolve them.

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M7053 Error while posting a material document

M7053 Error while posting a material document

Usual occurences of SAP posting only possible in periods error

Imagine this scenario.  It’s the 1st of March, and you’re all set to proceed with an Outbound Delivery and post goods issue. However, there’s a catch. The system automatically sets the posting date as the current date, which is in March.

But here’s the twist: the posting period might still be in February. As a result, the system might prevent you from completing the post goods issue. Quite a troublesome situation, isn’t it?

You will also get an error about posting only possible only in periods SAP. This is when you are trying posting any material document using transaction MIGO or ME23N.

Resolving the posting only allowed in period error

Now that we know the occurences of this error, let us look at how to resolve them in an effective manner. The first step is to know which period is currently open in SAP for the respective company code.

You can see this in transaction code MMRV. See the screenshot below.

Transaction MMRV to know which is the current open period

Transaction MMRV to know which is the current open period

Now, to close the current period and open the next one, you will need to use transaction code MMPV. Note that if you need to navigate to multiple months, you need to go in a sequence.

Transaction MMPV Screenshot to resolve posting only allowed in period for company code error

Transaction MMPV Screenshot to resolve posting only allowed in period for company code error

Frequently Asked Questions

By now you should be able to answer most of these, but just to recap, here are the pointers once again.

This is the error you get when you are trying to post a material document via VL02N, MIGO or other transaction code. The error says Posting only possible in periods A and B in company code C. To be able to resolve the error you need to see what is the currently open posting period in transaction MMRV and then run transaction MMPV as discussed below.

This happens when you are trying to post a material document in a month which is not open. This can happen during month end.

This is the same error which says Posting only possible in periods A and B in company code C. To be able to resolve the error you need to see what is the currently open posting period in transaction MMRV and then run transaction MMPV as discussed below.

You can use transaction MMRV to check the current posting period in the system.

This is to close a period and open the next month. You need to go sequently month-wise and run MMPV to close one month and automatically open the next month for posting.

OB52 is used for controlling the posting periods for FI document (not the material documents). We will leave it discussion in a seperate blog article.

Transaction OB52 for financial period opening

Transaction OB52 for financial period opening

In transaction MMRV, you can check the option to allow system to post in the previous month. Hence, if you are in May 2023 and you mark this flag checked, it will allow users to be able to post in April 2023 as well.

If you encounter this error, it is likely due to incomplete year-end closing activities associated with the new financial year settings. To resolve this issue, you can navigate to the OB52 transaction and review the entries related to the posting period variant, account range, and period/year combination. In most cases, you will need to duplicate the entry from the previous financial year and update it for the new year. This will help rectify the error and ensure smooth operations.

Summary and Practice

Closing posting periods in SAP is not only a recommended practice but a crucial one for smooth month-end processes. By ensuring that financial records are organized and accurate, businesses can avoid potential errors that may occur during the posting of material documents.

This comprehensive article dives deep into the common occurrences of this issue. It also shedes light on the challenges faced and offering effective solutions. From checking open periods to leveraging transaction codes MMRV and MMPV, every step required to resolve this error is explained in detail.

Furthermore, this resource goes beyond the basics by addressing frequently asked questions. It also provides valuable tips for resolving related errors. With these additional insights, users can gain a better understanding of the intricacies involved. They can also navigate through any hurdles with confidence.

We hope this article has helped you gain a better understanding of the processes and tools involved. With these steps, you can help your business maintain an organized financial record and ensure smooth month-end operations. Best of luck!

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Shilpa is an accomplished leader with 17 years of experience in various facets of IT strategy, program management, continuous improvement, business transformation, and service delivery. Her experience span over industry verticals like Manufacturing, HealthCare, CPG and Media companies. She is fond of organizing events and is also associated with Habitat for Humanity.

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