How To Fix AA247 - Asset value date &1 cannot be later than transfer date &2

SAP Error Message - Details

• Message type: E = Error

• Message class: AA - Messages for Asset Accounting

• Message number: 247

• Message text: Asset value date &1 cannot be later than transfer date &2

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message AA247 - Asset value date &1 cannot be later than transfer date &2 ?

  The SAP error message AA247 indicates that there is a discrepancy between the asset value date and the transfer date during an asset transfer process. Specifically, the asset value date cannot be later than the transfer date. This error typically occurs in the Asset Accounting (FI-AA) module when you are trying to post a transfer of an asset, and the dates provided do not comply with the system's requirements.
  Cause:
  
  Date Mismatch: The asset value date (the date on which the asset's value is calculated) is set to a date that is later than the transfer date (the date on which the asset is being transferred).
  Incorrect Data Entry: The user may have mistakenly entered the wrong dates during the asset transfer process.
  System Configuration: There may be specific configurations or settings in the system that enforce this rule, which could be misconfigured.
  
  Solution:
  
  Check Dates: Review the asset value date and the transfer date you have entered. Ensure that the asset value date is not later than the transfer date.
  Correct the Dates: If you find that the asset value date is indeed later than the transfer date, adjust the asset value date to be the same as or earlier than the transfer date.
  Re-enter the Transaction: After correcting the dates, re-enter the asset transfer transaction to see if the error persists.
  Consult Documentation: If you are unsure about the correct dates to use, consult your organization's asset management policies or SAP documentation for guidance.
  Check for System Updates: Ensure that your SAP system is up to date, as sometimes bugs or issues can be resolved in newer versions.
  
  Related Information:
  
  Transaction Codes: The error may occur during transactions such as ABUMN (Transfer within Company Code) or ABT1N (Transfer between Company Codes).
  SAP Notes: Check SAP Notes for any known issues or patches related to asset transfers and date validations.
  User Authorization: Ensure that you have the necessary permissions to perform asset transfers, as restrictions may also lead to errors.
  Consult with SAP Support: If the issue persists after checking the dates and configurations, consider reaching out to SAP support for further assistance.
  
  By following these steps, you should be able to resolve the AA247 error and successfully complete the asset transfer process.