How To Fix AA477 - Retirement posting is not possible (value date not allowed)

SAP Error Message - Details

• Message type: E = Error

• Message class: AA - Messages for Asset Accounting

• Message number: 477

• Message text: Retirement posting is not possible (value date not allowed)

What causes this issue?

The value date &V1& of the retirement from the asset &V2& &V3&
is before
a) the date of the last retirement
b) the capitalization date of the asset
c) the acquisition date of the asset.

System Response

The transaction is rejected.

How to fix this error?

Check the value date of the transaction or the asset to be posted.

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AA477 - Retirement posting is not possible (value date not allowed) ?

  The SAP error message AA477 ("Retirement posting is not possible (value date not allowed)") typically occurs in the Asset Accounting (FI-AA) module when you attempt to retire an asset, but the value date specified for the retirement is not valid. This can happen for several reasons, including:
  Causes:
  
  Value Date Outside of Posting Period: The value date for the retirement transaction falls outside the allowed posting periods. This can happen if the value date is set to a date in a closed fiscal period.
  Incorrect Configuration: The configuration settings for the asset retirement may not allow for postings on the specified value date.
  Asset Status: The asset may be in a status that does not allow for retirement postings.
  Period Locking: The posting period may be locked for the specified value date, preventing any transactions from being posted.
  
  Solutions:
  
  
  Check Posting Periods: Verify the posting periods in the system. Ensure that the value date you are using for the retirement falls within an open posting period. You can check this in the transaction code OB52 (Maintain Posting Periods).
  
  
  Adjust Value Date: If the value date is outside the allowed posting periods, change it to a date that is within an open period.
  
  
  Review Asset Status: Check the status of the asset you are trying to retire. Ensure that it is not in a status that prevents retirement (e.g., it should not be in a "blocked" status).
  
  
  Configuration Settings: Review the configuration settings for Asset Accounting to ensure that they allow for the type of retirement you are trying to perform. This can be done in the SPRO transaction under the Asset Accounting settings.
  
  
  Consult with Finance Team: If you are unsure about the correct value date or the status of the asset, consult with your finance or accounting team for guidance.
  
  
  Related Information:
  
  Transaction Codes: 
  
  ABAVN: Asset Retirement by Scrapping
  ABAR: Asset Retirement by Sale
  OB52: Maintain Posting Periods
  AS03: Display Asset
  
  
  Documentation: Refer to SAP Help documentation for Asset Accounting for detailed information on asset retirement processes and configurations.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to this error message.
  
  By following these steps, you should be able to resolve the AA477 error and successfully post the asset retirement.