How To Fix AA348 - Value date earlier than asset capitalization date

SAP Error Message - Details

• Message type: E = Error

• Message class: AA - Messages for Asset Accounting

• Message number: 348

• Message text: Value date earlier than asset capitalization date

What causes this issue?

The asset value date &V1& for the transaction is before the
capitalization date &V2& of the asset &V3& &V4&.

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?

Check the asset value date.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AA348 - Value date earlier than asset capitalization date ?

  Cause:
  The SAP error message AA348 - "Value date earlier than asset capitalization date" occurs when the value date entered is earlier than the asset capitalization date. This means that the date on which the asset is supposed to start depreciating is earlier than the date on which the asset was capitalized or brought into use.
  Solution:
  To resolve this error, you need to adjust the value date to a date that is the same or later than the asset capitalization date. This can be done by going to the asset master data and changing the value date accordingly.
  Related Information:
  The asset capitalization date is the date when the asset is officially put into use and starts to depreciate. The value date, on the other hand, is the date from which the asset starts to depreciate. In SAP, the system does not allow the value date to be earlier than the capitalization date to prevent inconsistencies in the depreciation calculation. 
  It's important to note that the capitalization date and the value date can be the same, but the value date cannot be earlier than the capitalization date. If the value date is later than the capitalization date, the asset will start depreciating from the value date.