It’s possible that a posting needs to be done in the previous period for correction purpose. For this you can use transaction MMRV. This is one of those actions that belongs to Finance. You don’t want to mess with this without their approval (at least in production).
MMRV - Allow Posting in Previous Period
If you ran into this post because you got the message that posting is only allowed in a previous fiscal period, you’re posting periods were not updated in time. To solve this issue you go here.
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