How To Fix AA368 - Posting will take place in an earlier fiscal year

SAP Error Message - Details

• Message type: E = Error

• Message class: AA - Messages for Asset Accounting

• Message number: 368

• Message text: Posting will take place in an earlier fiscal year

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message AA368 - Posting will take place in an earlier fiscal year ?

  The SAP error message AA368, which states "Posting will take place in an earlier fiscal year," typically occurs when you attempt to post a transaction that affects an asset in a fiscal year that has already been closed. This is a common issue in asset accounting (FI-AA) when trying to post transactions such as asset acquisitions, retirements, or adjustments for a fiscal year that is not open for posting.
  Cause:
  
  Closed Fiscal Year: The fiscal year you are trying to post to has been closed in the system, meaning that no further postings can be made to that year.
  Incorrect Posting Date: The posting date of the transaction is set to a date in a closed fiscal year.
  Configuration Settings: The system settings may restrict postings to certain periods or fiscal years.
  
  Solution:
  
  Check Fiscal Year Status: Verify the status of the fiscal year in the system. You can do this by navigating to the transaction code OB52 (Change View "Posting Periods": Overview) to see if the fiscal year is indeed closed.
  Adjust Posting Date: Change the posting date of the transaction to a date in an open fiscal year. Ensure that the date aligns with the current accounting period.
  Open the Fiscal Year: If necessary and if it is appropriate for your business processes, you can open the closed fiscal year for posting. This can be done in the same transaction (OB52) by adjusting the posting periods.
  Consult with Finance Team: If you are unsure about opening a closed fiscal year, consult with your finance or accounting team to ensure compliance with accounting policies and regulations.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as AS01 (Create Asset), AS02 (Change Asset), and AS03 (Display Asset) for asset-related transactions.
  SAP Notes: Check SAP Notes for any specific patches or updates related to asset accounting and fiscal year postings.
  Documentation: Review SAP documentation or user manuals for asset accounting to understand the implications of posting in different fiscal years.
  
  By following these steps, you should be able to resolve the AA368 error and successfully post your transaction.