How To Fix AA566 - The asset value date entered is not in a closed fiscal year

AA566 - Overview

• Message type: E = Error

• Message class: AA - Messages for Asset Accounting

• Message number: 566

• Message text: The asset value date entered is not in a closed fiscal year

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

Procedure for System Administrators

post-capitalization.
year, you can execute a regular asset acquisition posting instead of a
If however the asset value date of the transaction is in an open fiscal
fiscal year and an original asset value date in a closed fiscal year.
Post the post-capitalization with a posting date in the (first) open

How to fix this error?

that is in an open fiscal year.
The posting can<ZH>not</> be executed with an original asset value date

System Response

closed fiscal year.
original asset value date entered for the transaction must be in a
To be able to correct the excess expenditure that was posted, the
is now closed.
the acquisition or assembly of an asset to its APC in a fiscal year that
type of post-capitalization is if you neglected to add expenditures for
You are posting a post-capitalization. An example of when you need this

What causes this issue?

Error message extract from SAP system. Copyright SAP SE.

AA566 - Details

• The SAP error message AA566 indicates that the asset value date you are trying to enter falls within a fiscal year that has not been closed. This typically occurs when you attempt to post an asset transaction (such as an acquisition, transfer, or retirement) with a value date that is earlier than the closing date of the fiscal year in which the asset is recorded.
  
  Cause:
  
  Value Date Issue: The value date you are trying to use for the asset transaction is set to a date in a fiscal year that has not been closed.
  Fiscal Year Closure: The fiscal year for the asset may not be closed in the system, which means that transactions cannot be posted to that year.
  Configuration Settings: The system settings may restrict posting to certain periods or fiscal years.
  
  
  Solution:
  
  Check Fiscal Year Status: Verify the status of the fiscal year in question. You can do this by navigating to