How To Fix 8Z705 - Transaction &3 in fiscal year &4 reversed for asset &1 &2

SAP Error Message - Details

• Message type: E = Error

• Message class: 8Z - Messages for Inflation Adjustment

• Message number: 705

• Message text: Transaction &3 in fiscal year &4 reversed for asset &1 &2

What causes this issue?

A reversal was posted for an adjustment posting.

How to fix this error?

Check if the reversal is correct. Normally the adjustmnets should only
be reversed if the origine transaction, i.e. a transfer or retirement
is reversed. You will find the current number of the origin transaction
in the long text of the document header. If the reversal posting was
not correct, please enter the posting again manually with same
transaction type and asset value date.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 8Z705 - Transaction &3 in fiscal year &4 reversed for asset &1 &2 ?

  The SAP error message 8Z705 indicates that a transaction has been reversed in a specific fiscal year for a particular asset. This error typically arises in the context of asset accounting when there is an attempt to reverse a transaction that is not allowed due to certain conditions.
  Cause:
  
  Fiscal Year Restrictions: The fiscal year in which the transaction is being reversed may have restrictions. For example, if the fiscal year is closed or if the transaction date falls outside the allowed range for reversals.
  Asset Status: The asset may be in a status that does not allow for reversals, such as being fully depreciated or retired.
  Transaction Type: The type of transaction being reversed may not be eligible for reversal in the current context.
  Configuration Issues: There may be configuration settings in the asset accounting module that restrict certain types of reversals.
  
  Solution:
  
  Check Fiscal Year Status: Ensure that the fiscal year for the transaction is open and that the period for the transaction is also open for posting.
  Review Asset Status: Check the status of the asset to ensure it is eligible for reversal. If the asset is retired or fully depreciated, you may need to take additional steps to handle the reversal.
  Transaction Type Validation: Verify that the transaction type you are trying to reverse is allowed to be reversed. Consult the documentation or your SAP configuration to understand the rules around the specific transaction type.
  Consult Configuration: If necessary, consult with your SAP configuration team to review the settings related to asset accounting and reversals. They may need to adjust settings to allow for the reversal.
  Use Alternative Methods: If the reversal cannot be processed due to restrictions, consider using alternative methods such as creating a new transaction to correct the previous one.
  
  Related Information:
  
  SAP Notes: Check SAP Notes for any specific notes related to error 8Z705, as there may be updates or patches that address this issue.
  Documentation: Review the SAP Asset Accounting documentation for detailed information on transaction reversals and the conditions that apply.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as AS02 (Change Asset), AS03 (Display Asset), and others that may help in managing asset transactions.
  
  If the issue persists after checking these areas, it may be beneficial to reach out to your SAP support team or consult with an SAP expert for further assistance.