How To Fix AA295 - Deactivation date earlier than last closed year & (Correct)

SAP Error Message - Details

• Message type: E = Error

• Message class: AA - Messages for Asset Accounting

• Message number: 295

• Message text: Deactivation date earlier than last closed year & (Correct)

What causes this issue?

The deactivation date is in a closed fiscal year. Deactivation is only
possible in a fiscal year after &V1&.

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?

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AA295 - Deactivation date earlier than last closed year & (Correct) ?

  The SAP error message AA295 ("Deactivation date earlier than last closed year") typically occurs in the Asset Accounting (FI-AA) module when you attempt to deactivate an asset with a deactivation date that falls before the last closed fiscal year. This is a safeguard to ensure that financial records remain accurate and consistent, as deactivating an asset retroactively could affect prior financial statements.
  
  Cause:
  
  Deactivation Date: The date you are trying to set for deactivating the asset is earlier than the last closed fiscal year. For example, if the last closed fiscal year is 2022, you cannot deactivate an asset with a date in 2021 or earlier.
  Closed Periods: The system prevents changes to asset data that would affect closed accounting periods to maintain the integrity of financial reporting.
  
  
  Solution:
  To resolve this error, you have a few options:
  
  
  Change the Deactivation Date: 
  
  Set the deactivation date to a date that is within the current fiscal year