How To Fix AA669 - Fiscal year & is already closed in Financial Accounting.

SAP Error Message - Details

• Message type: E = Error

• Message class: AA - Messages for Asset Accounting

• Message number: 669

• Message text: Fiscal year & is already closed in Financial Accounting.

What causes this issue?

You have initiated a recalculation of asset values for fiscal year
&V1&. However, fiscal year &V1& is still open is Asset Accounting,
but not in Financial Accounting.

System Response

Due to this inconsistency between the General Ledger and the the
subsidiary ledger, processing is terminated.

How to fix this error?

Close fiscal year &V1& in Asset Accounting as well.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AA669 - Fiscal year & is already closed in Financial Accounting. ?

  The SAP error message AA669 indicates that you are trying to post an asset transaction in a fiscal year that has already been closed in Financial Accounting (FI). This typically occurs when you attempt to make adjustments or post transactions related to fixed assets in a fiscal year that is no longer open for posting.
  Cause:
  
  Closed Fiscal Year: The fiscal year you are trying to post to has been closed in the system, meaning no further postings can be made to that year.
  Configuration Settings: The system settings may prevent postings to closed periods, which is a standard practice to ensure the integrity of financial data.
  Transaction Type: The type of transaction you are trying to post may not be allowed in a closed fiscal year.
  
  Solution:
  
  
  Open the Fiscal Year: If it is necessary to post to the closed fiscal year, you can open the fiscal year again. This is typically done by a user with the appropriate authorization (usually a financial controller or administrator). The steps are:
  
  Go to the transaction code OB52 (Change View "Posting Periods": Overview).
  Select the relevant company code and fiscal year.
  Change the status from "Closed" to "Open" for the required periods.
  Save the changes.
  
  
  
  Post to the Current Fiscal Year: If possible, consider posting the transaction to the current fiscal year instead of the closed one. This is often the best practice to maintain the integrity of financial records.
  
  
  Adjustments in Asset Accounting: If the transaction is related to asset accounting, ensure that any necessary adjustments are made in the current fiscal year. You may need to reverse the transaction or make the necessary adjustments in the current period.
  
  
  Consult with Finance Team: If you are unsure about the implications of opening a closed fiscal year or how to proceed, consult with your finance team or SAP support for guidance.
  
  
  Related Information:
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  OB52: For changing posting periods.
  AS01: For creating assets.
  AS02: For changing asset master data.
  AS03: For displaying asset master data.
  
  
  
  Authorization: Ensure that you have the necessary authorizations to make changes to posting periods or to perform asset transactions.
  
  
  Documentation: Review SAP documentation or help files related to asset accounting and fiscal year closing procedures for more detailed guidance.
  
  
  Best Practices: It is generally advisable to avoid posting to closed fiscal years unless absolutely necessary, as this can complicate financial reporting and auditing processes.
  
  
  By following these steps, you should be able to resolve the AA669 error and proceed with your asset transactions appropriately.