During the first implementation, you mistakenly open a fiscal period 001 of year YYYY, but the expected fiscal period to be opened is the same period of fiscal year YYYY-1. You then try to open the period 001 for year YYYY-1, but the system gives error message: Revoking period 001 not possible: Only one open interval allowed. Then you try to close period XXX of fiscal year YYYY, the system gives another error message:
Closing of period 001 not possible: Previous fiscal year not closed;
Cannot close all periods in fiscal year YYYY; Bal.Car.Fwd. not finished.
Reproducing the Issue
- Go to the General Ledger work center, and choose Open and Close Period under Common Tasks.
- You can see the period 001 of fiscal year YYYY is opened.
- You move on to open period 001 of fiscal year YYYY-1, the system gives error message: Revoking period 001 not possible: Only one open interval allowed.
- You then try to close period 001 of year YYYY first before opening the same period of year YYYY-1, but the system gives other error messages: Closing of period 001 not possible: Previous fiscal year not closed; Cannot close all periods in fiscal year YYYY; Bal.Car.Fwd. not finished.
It is not allowed to open periods which do not correspond to one interval. For example, only periods 6,7 and 8 can be opened, but period 011 cannot be opened. So one open interval is from period 006 till 008. So in your case, you need to close period 001 of YYYY first, however, as the previous year YYYY-1 is not closed, you cannot close the first period of YYYY.
In order to fix the issue, you need to delete the fiscal year YYYY, as there are no postings made to this year yet:
- Go to the General Ledger work center, and select the Master Data view.
- Then select the Sets of Books and Assigned Companies subview.
- Choose Edit Fiscal Year.
- Delete fiscal year YYYY.
After that, open the correct period 001 of YYYY-1, and then create fiscal year YYYY again.
KBA , open fiscal period , revoking period not possible , close fiscal period , SRD-FIN-GL , General Ledger , How To