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

AA045 - Overview

• 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.

AA045 - Details

• 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