How To Fix AA331 - You cannot post retirement on new acquisition

AA331 - Overview

• Message type: E = Error

• Message class: AA - Messages for Asset Accounting

• Message number: 331

• Message text: You cannot post retirement on new acquisition

What causes this issue?

The retirement amount determined for area &V1& (Asset &V2& &V3&) is
higher than the acquisition value managed for the asset up to the
asset value date of the retirement posting.

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.

AA331 - Details

• The SAP error message AA331 ("You cannot post retirement on new acquisition") typically occurs in the Asset Accounting (FI-AA) module when you attempt to retire an asset that has just been acquired and has not yet been fully processed or has not met certain conditions for retirement.
  
  Cause:
  
  New Acquisition Status: The asset you are trying to retire is still in the status of a new acquisition. In SAP, assets must be fully processed (e.g., fully capitalized) before they can be retired.
  Depreciation Not Posted: The asset may not have any depreciation posted against it yet. SAP requires that depreciation be posted before an asset can be retired.
  Asset Class Restrictions: Certain asset classes may have specific rules regarding retirement that prevent immediate retirement after acquisition.
  Transaction Timing: The timing of the retirement transaction may be incorrect, especially if it is being attempted in the same period as the acquisition.
  
  
  Solution:
  
  Check Asset Status: Verify the status