How To Fix AA537 - Asset value date and fiscal year do not agree

SAP Error Message - Details

• Message type: E = Error

• Message class: AA - Messages for Asset Accounting

• Message number: 537

• Message text: Asset value date and fiscal year do not agree

What causes this issue?

You have entered a fiscal year (&V1&) in the initial screen which does
not correspond with the fiscal year for the asset value date (&V2&).

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?

Correct your specifications.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AA537 - Asset value date and fiscal year do not agree ?

  The SAP error message AA537 indicates that there is a mismatch between the asset value date and the fiscal year in the asset accounting module. This typically occurs when you are trying to post a transaction related to an asset, such as an acquisition, transfer, or retirement, and the value date does not align with the fiscal year settings in the system.
  Cause:
  
  Value Date Mismatch: The value date you are trying to use for the asset transaction falls outside the fiscal year that is currently open in the system.
  Fiscal Year Settings: The fiscal year settings in the asset accounting configuration may not be aligned with the value date you are using.
  Posting Period: The posting period for the value date may be closed, preventing any transactions from being posted.
  
  Solution:
  
  Check the Value Date: Ensure that the value date you are using for the asset transaction falls within the open fiscal year. You can do this by checking the current fiscal year settings in the system.
  Open the Fiscal Year: If the value date is correct but the fiscal year is closed, you may need to open the fiscal year for posting. This can be done by navigating to the appropriate configuration settings in SAP.
  Adjust Posting Periods: If the posting period is closed, you may need to open the relevant posting period for the transaction date.
  Review Asset Master Data: Check the asset master data to ensure that the fiscal year and value date settings are correctly configured.
  Consult with Finance Team: If you are unsure about making changes to fiscal year settings, consult with your finance or accounting team to ensure compliance with accounting policies.
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like AS01 (Create Asset), AS02 (Change Asset), and AS03 (Display Asset) to manage asset data.
  Configuration Path: The configuration for fiscal year settings can typically be found under SPRO -> Financial Accounting -> Asset Accounting -> Fiscal Year Change.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to this error message or provide additional guidance.
  
  By following these steps, you should be able to resolve the AA537 error and successfully post your asset transactions.