How To Fix AA246 - Asset value date &1 cannot be before &2

SAP Error Message - Details

• Message type: E = Error

• Message class: AA - Messages for Asset Accounting

• Message number: 246

• Message text: Asset value date &1 cannot be before &2

What causes this issue?

You entered an asset value date that is not in the fiscal year of the
legacy data transfer.

System Response

Within the framework of the legacy data transfer, you can only transfer
transactions with the following asset value dates:
Transactions in the current fiscal year
These transactions have to have a value date in the time period between
&V2& and &V3&.
Line items for an asset under construction, that originate before the
current fiscal year
You can transfer these transactions using the special transaction types
for legacy asset data (900 for APC, 910 for down payments). You always
have to use the start of the current fiscal year &V2& as the asset
value date.

How to fix this error?

Correct asset value date &V1&.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AA246 - Asset value date &1 cannot be before &2 ?

  The SAP error message AA246 indicates that there is an issue with the asset value date in relation to the asset's acquisition date or the fiscal year. Specifically, the error states that the asset value date you are trying to enter cannot be earlier than a specified date, which is typically the asset's acquisition date or the start of the fiscal year.
  Cause:
  
  Value Date Before Acquisition Date: The value date you are trying to enter for an asset is earlier than the asset's acquisition date. This is not allowed because the asset cannot have a value before it was acquired.
  Value Date Before Fiscal Year Start: The value date may also be earlier than the start of the fiscal year, which is not permissible in SAP.
  
  Solution:
  
  Check Asset Acquisition Date: Verify the acquisition date of the asset. Ensure that the value date you are trying to enter is on or after this date.
  Adjust Value Date: If the value date is indeed before the acquisition date or the fiscal year start, change the value date to a valid date that is on or after the acquisition date.
  Review Fiscal Year Settings: Ensure that the fiscal year settings in your SAP system are correctly configured and that the value date aligns with these settings.
  
  Related Information:
  
  Transaction Codes: You may encounter this error while using transaction codes related to asset accounting, such as AS01 (Create Asset), AS02 (Change Asset), or AS03 (Display Asset).
  Asset Master Data: Review the asset master data to ensure all relevant dates (acquisition date, capitalization date, etc.) are correctly set.
  SAP Notes: Check for any relevant SAP Notes or documentation that may provide additional context or updates regarding this error message.
  User Authorization: Ensure that you have the necessary authorizations to make changes to asset data, as restrictions may also lead to errors.
  
  By following these steps, you should be able to resolve the AA246 error and successfully process the asset transaction.