How To Fix AA523 - Fiscal year chosen does not exist for this fixed asset

SAP Error Message - Details

• Message type: E = Error

• Message class: AA - Messages for Asset Accounting

• Message number: 523

• Message text: Fiscal year chosen does not exist for this fixed asset

What causes this issue?

You have chosen the 'fiscal year -'. This fiscal year does not exist
for this asset.

System Response

The last screen will be shown again.

How to fix this error?

Choose another function.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AA523 - Fiscal year chosen does not exist for this fixed asset ?

  The SAP error message AA523, which states "Fiscal year chosen does not exist for this fixed asset," typically occurs when you are trying to perform an action related to a fixed asset (such as posting a transaction) in a fiscal year that has not been defined for that asset. Here’s a breakdown of the cause, potential solutions, and related information:
  
  Cause:
  
  Fiscal Year Not Defined: The fiscal year you are trying to use for the fixed asset has not been defined in the asset master data.
  Incorrect Posting Period: The posting period you are trying to use is not open for the specified fiscal year.
  Asset Master Data Issues: The asset master data may not be correctly set up to include the fiscal year you are trying to use.
  
  
  Solution:
  
  
  Check Asset Master Data:
  
  Go to the asset master record (transaction code AS03) and check the "Depreciation Areas" tab.
  Ensure that the fiscal year you are trying to