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

8Z705 - Overview

• 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.

8Z705 - Details

• 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