How To Fix AA045 - Transfer date & is earlier than last day of previous year

SAP Error Message - Details

• Message type: E = Error

• Message class: AA - Messages for Asset Accounting

• Message number: 045

• Message text: Transfer date & is earlier than last day of previous year

What causes this issue?

A date has been set for transferring legacy asset data in this company
code. However, this date is earlier than the last day of the previous
year.

System Response

Legacy data transfer is normally performed at the end of the previous
year or within the current year. Therefore the system issues a warning.

How to fix this error?

Check whether you really want to transfer the values on the date
entered. If not, you have to change the transfer date for this company
code.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AA045 - Transfer date & is earlier than last day of previous year ?

  The SAP error message AA045 indicates that the transfer date you are trying to use for an asset transaction is earlier than the last day of the previous fiscal year. This typically occurs in the context of asset accounting when you are trying to perform a transaction (like a transfer, sale, or retirement) for an asset, and the date you have specified is not allowed based on the system's fiscal year settings.
  Cause:
  
  Transfer Date Issue: The transfer date you entered is before the last day of the previous fiscal year. For example, if the last day of the previous fiscal year is December 31, 2022, and you are trying to enter a transfer date of January 1, 2022, you will encounter this error.
  Fiscal Year Settings: The fiscal year settings in your SAP system may restrict transactions to only occur within the current fiscal year or later.
  Posting Periods: The posting periods may be closed for the previous year, preventing any transactions from being posted in that period.
  
  Solution:
  
  Change the Transfer Date: Adjust the transfer date to a date that is on or after the last day of the previous fiscal year. For example, if the last day of the previous fiscal year is December 31, 2022, you should use a date of January 1, 2023, or later.
  Check Fiscal Year Settings: Review the fiscal year settings in your SAP system to ensure they are configured correctly. You can do this by navigating to the configuration settings for Asset Accounting.
  Open Posting Periods: Ensure that the posting periods for the previous fiscal year are open if you need to make adjustments. You can check this in the transaction code OB52 (Maintain Posting Periods).
  Consult with Finance Team: If you are unsure about the correct dates or fiscal year settings, consult with your finance or accounting team to ensure compliance with accounting policies.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like AS02 (Change Asset), AS03 (Display Asset), or ABT1N (Transfer within Company Code) to perform asset transactions.
  Documentation: Refer to SAP documentation or help files for more detailed information on asset accounting and fiscal year settings.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues or provide additional guidance related to this error message.
  
  By following these steps, you should be able to resolve the AA045 error and successfully process your asset transaction.