How To Fix 63124 - Commencement previous year, input tax adjustment not permitted

63124 - Overview

• Message type: E = Error

• Message class: 63 - Messages for Real Estate Management

• Message number: 124

• Message text: Commencement previous year, input tax adjustment not permitted

What causes this issue?

The date of initial use is in a previous calendar year. Therefore an
input tax adjustment is not possible.

System Response

The system does not accept your entry.

How to fix this error?

Verify your entries.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 63124 - Commencement previous year, input tax adjustment not permitted ?

  The SAP error message 63124, which states "Commencement previous year, input tax adjustment not permitted," typically occurs in the context of VAT (Value Added Tax) or input tax adjustments in financial transactions. This error indicates that there is an attempt to adjust input tax for a period that is considered closed or finalized, usually the previous fiscal year.
  
  Cause:
  
  Closed Fiscal Year: The error often arises when a user tries to make adjustments to input tax for a fiscal year that has already been closed. In many accounting systems, once a fiscal year is closed, no further adjustments can be made to ensure the integrity of financial reporting.
  Incorrect Posting Period: The posting period may not be open for the transaction you are trying to process. This can happen if the system settings restrict adjustments to certain periods.
  Configuration Settings: The system may be configured to prevent adjustments to input tax for prior periods,