How To Fix AA688 - No posting possible in fiscal year &

AA688 - Overview

• Message type: E = Error

• Message class: AA - Messages for Asset Accounting

• Message number: 688

• Message text: No posting possible in fiscal year &

What causes this issue?

No posting is possible in the fiscal year &V1& specified. The fiscal
year specified differs by more than a year from the fiscal year in
which the last postings were performed.

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 fiscal year specifications.

Error message extract from SAP system. Copyright SAP SE.

AA688 - Details

• The SAP error message AA688 "No posting possible in fiscal year &" typically occurs in the Asset Accounting (FI-AA) module when you attempt to post a transaction in a fiscal year that is either closed or not open for posting. This error can arise in various scenarios, such as when trying to post asset transactions like acquisitions, retirements, or adjustments.
  
  Cause:
  
  Closed Fiscal Year: The fiscal year you are trying to post to has been closed, meaning that no further postings can be made.
  Posting Period Not Open: The specific posting period within the fiscal year is not open for posting.
  
  Configuration Issues: There may be configuration settings in the Asset Accounting module that restrict postings to certain periods or years.
  
  
  Solution:
  
  
  Check Fiscal Year Status:
  
  Go to the transaction code OB52 to check the status of the fiscal year and the posting periods. Ensure that the fiscal year you are trying to post to is open.
  If