How To Fix AA707 - Asset &-& in CoCode &: Error in balance carryforward; see long text

AA707 - Overview

• Message type: E = Error

• Message class: AA - Messages for Asset Accounting

• Message number: 707

• Message text: Asset &-& in CoCode &: Error in balance carryforward; see long text

What causes this issue?

Asset &V1&-&V2& in company code &V3& caused errors during the
calculation of planned depreciation in the new fiscal year.

System Response

The asset values will still be carried forward even with errors; however
the asset is flagged accordingly.

How to fix this error?

You should manually check the asset for the fiscal year just opened
using the asset value display transaction and the 'recalculate'
function.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.

AA707 - Details

• The SAP error message AA707 typically indicates an issue with the balance carryforward process for fixed assets in a specific company code (CoCode). This error can arise during the year-end closing process when the system attempts to carry forward balances from one fiscal year to the next.
  
  Cause:
  
  Incomplete Data: There may be missing or incomplete data for the asset master records that are required for the carryforward process.
  Posting Period Issues: The posting periods may not be correctly defined or open for the new fiscal year.
  
  Configuration Issues: There could be configuration issues in the asset accounting settings that prevent the carryforward from being executed properly.
  Unposted Transactions: There may be unposted transactions related to the assets that need to be addressed before the carryforward can be completed.
  Depreciation Run: The depreciation run for the current fiscal year may not have been executed or completed successfully.
  
  
  Solution:
  
  Check Asset Master Data: Review the asset master records for