How To Fix AA297 - Deactivation cannot be cancelled. Fiscal year & is closed

SAP Error Message - Details

• Message type: E = Error

• Message class: AA - Messages for Asset Accounting

• Message number: 297

• Message text: Deactivation cannot be cancelled. Fiscal year & is closed

What causes this issue?

You cannot cancel the deactivation date &V1&. Cancellation is not
possible, since deactivation was performed in a closed fiscal
year.

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 AA297 - Deactivation cannot be cancelled. Fiscal year & is closed ?

  The SAP error message AA297 ("Deactivation cannot be cancelled. Fiscal year & is closed") typically occurs in the Asset Accounting (FI-AA) module when you attempt to cancel a deactivation of an asset in a closed fiscal year. This error indicates that the fiscal year for the asset in question has been closed, and therefore, any changes to asset transactions, including deactivations, cannot be processed.
  Cause:
  
  Closed Fiscal Year: The primary cause of this error is that the fiscal year for the asset has been closed. In SAP, once a fiscal year is closed, no further postings or changes can be made to that year.
  Deactivation Process: You may have attempted to deactivate an asset and then cancel that deactivation, but since the fiscal year is closed, the system does not allow this action.
  
  Solution:
  
  Check Fiscal Year Status: Verify the status of the fiscal year for the asset. You can do this by checking the fiscal year settings in the Asset Accounting module.
  Open the Fiscal Year: If you need to make changes to the asset, you may need to open the fiscal year. This typically requires authorization and should be done with caution, as it can affect financial reporting.
  
  To open a closed fiscal year, you can use transaction code OB52 to adjust the period settings. However, this should be done in accordance with your organization's policies and procedures.
  
  
  Post in the Current Year: If opening the closed fiscal year is not an option, consider posting any necessary adjustments or changes in the current fiscal year instead.
  Consult with Finance Team: It is advisable to consult with your finance or accounting team to understand the implications of opening a closed fiscal year and to ensure compliance with accounting standards.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  AS02: Change Asset
  AS03: Display Asset
  OB52: Change Posting Periods
  
  
  Documentation: Review SAP documentation or help files related to Asset Accounting and fiscal year closing procedures for more detailed guidance.
  User Authorizations: Ensure that you have the necessary authorizations to make changes to asset records and fiscal year settings.
  
  Best Practices:
  
  Always perform a thorough review of asset transactions before closing a fiscal year.
  Maintain clear communication with the finance team regarding asset management and fiscal year closing processes.
  Document any changes made to fiscal year settings for future reference and compliance.
  
  By following these steps, you should be able to address the AA297 error and manage asset deactivations effectively within SAP.