How To Fix 8Z706 - Asset &1 &2: Transaction &4 has to be reversed for fiscal year &3.

8Z706 - Overview

• Message type: E = Error

• Message class: 8Z - Messages for Inflation Adjustment

• Message number: 706

• Message text: Asset &1 &2: Transaction &4 has to be reversed for fiscal year &3.

What causes this issue?

The adjustment transaction has to be reversed.

How to fix this error?

The transaction is an adjustment transaction on a transfer or
retirement. The origine transaction has been reversed but the
adjustment transaction not. Please reverse the adjustment transaction
manually.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 8Z706 - Asset &1 &2: Transaction &4 has to be reversed for fiscal year &3. ?

  The SAP error message 8Z706 indicates that a transaction related to an asset needs to be reversed for a specific fiscal year. This error typically arises in the context of asset accounting when there are inconsistencies or issues with the asset transactions that need to be addressed.
  
  Cause:
  
  
  Transaction Reversal Requirement: The error suggests that a transaction (identified by &4) must be reversed for the fiscal year specified (&3). This could be due to various reasons, such as:
  
  An incorrect posting that needs to be corrected.
  A change in the asset's status or value that requires a reversal of previous transactions.
  Compliance with accounting principles that necessitate the reversal of certain transactions.
  
  
  
  Fiscal Year Restrictions: The fiscal year in question may have specific restrictions or rules that prevent certain transactions from being processed without a reversal.
  
  
  
  Configuration Issues: There may be configuration settings in the asset accounting module that are not aligned with the current fiscal year