You might have seen the error message; “Posting only possible in periods 2009/05 and 2009/04 in company code XXXX", when trying to post any Material documents in SAP.
Message no. M7 053
Eg: in MB1C transaction
If my current calendar month is 05/2009; by looking at this error message, you might get confused as why you can’t post it for the current month (05/2009), if the possible posting periods are 2009/05 and 2009/04. This is due to the fiscal year configuration attached to your company code. Let's see how we can identify relevant fiscal year and posting period in SAP.
Please feel free to post your suggestions, feedback and comments!
Open and Close Periods for MM - OMSY, MMRV and MMPV