How To Fix AA171 - Number of periods for useful life must be smaller than in FY variant

SAP Error Message - Details

• Message type: E = Error

• Message class: AA - Messages for Asset Accounting

• Message number: 171

• Message text: Number of periods for useful life must be smaller than in FY variant

What causes this issue?

You have specified &V1& periods for the useful life.
This number of periods is greater than the number of periods defined for
the fiscal year variant (&V2&). This is <ZH>not</> allowed.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Correct the number of periods. It must be less than &V2&.
Note:
You must specify the useful life as a combination of years and periods.
Example:
You have a fiscal year with 12 posting periods; the useful life is 5
years.
For the useful life, you then enter <LB>5 years</> and <LB>0 periods</>.
It is <ZH>not</> correct to enter <LB>0 years</> and <LB>60 periods</>.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AA171 - Number of periods for useful life must be smaller than in FY variant ?

  The SAP error message AA171 indicates that there is a mismatch between the useful life of an asset and the fiscal year variant settings in the system. Specifically, it means that the number of periods defined for the asset's useful life exceeds the number of periods allowed in the fiscal year variant.
  Cause:
  
  Useful Life Configuration: The useful life of the asset has been set to a value that is greater than the number of periods defined in the fiscal year variant. For example, if the fiscal year variant is set to 12 periods (monthly), but the asset's useful life is set to 15 periods, this error will occur.
  Fiscal Year Variant Settings: The fiscal year variant may be configured to have fewer periods than what is defined for the asset's useful life.
  Asset Master Data: The asset master data may have been incorrectly entered or modified, leading to this inconsistency.
  
  Solution:
  
  
  Check Fiscal Year Variant: Review the fiscal year variant settings in the system. You can do this by navigating to the configuration settings for fiscal year variants in the SAP system (Transaction code: OB29).
  
  Ensure that the number of periods in the fiscal year variant is sufficient to accommodate the useful life of the asset.
  
  
  
  Adjust Useful Life: If the fiscal year variant is correct, you may need to adjust the useful life of the asset. This can be done in the asset master record (Transaction code: AS02).
  
  Ensure that the useful life does not exceed the number of periods defined in the fiscal year variant.
  
  
  
  Consult Documentation: If you are unsure about the correct settings, consult the SAP documentation or your organization's SAP support team for guidance on how to properly configure fiscal year variants and asset useful lives.
  
  
  Recreate Asset: In some cases, if the asset has been incorrectly set up, it may be necessary to delete and recreate the asset with the correct parameters.
  
  
  Related Information:
  
  Transaction Codes:
  
  AS01: Create Asset
  AS02: Change Asset
  AS03: Display Asset
  OB29: Maintain Fiscal Year Variant
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues or provide additional guidance related to this error message.
  Documentation: Review SAP Help documentation for Asset Accounting to understand how useful life and fiscal year variants interact.
  
  By following these steps, you should be able to resolve the AA171 error and ensure that your asset configurations are consistent with your fiscal year settings.