How To Fix AA708 - Fiscal year change requested for the past

AA708 - Overview

• Message type: E = Error

• Message class: AA - Messages for Asset Accounting

• Message number: 708

• Message text: Fiscal year change requested for the past

What causes this issue?

You have requested an asset fiscal year change for year &V1&, although
company code &V2& already has the current fiscal year &V3&.

System Response

The asset reconciliation accounts are <ZH>not</> processed in the
company code &V2&.

How to fix this error?

If a balance carryforward has <ZH>not</> been performed, this will be
recognized by the system with the current fiscal year change and
corrected.
Therefore, you do <ZH>not</> need to enter a previous year.

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.

AA708 - Details

• The SAP error message AA708 ("Fiscal year change requested for the past") typically occurs when there is an attempt to perform a fiscal year change for a period that has already closed in the system. This can happen in the Asset Accounting (AA) module when you try to make changes to asset transactions or settings for a fiscal year that is already in the past.
  
  Cause:
  
  Closed Fiscal Year: The fiscal year you are trying to change has already been closed, meaning that no further changes can be made to it.
  Incorrect Configuration: The system may be configured to prevent changes to past fiscal years to maintain data integrity.
  User Action: A user may have inadvertently attempted to execute a transaction that requires changes to a closed fiscal year.
  
  
  Solution:
  
  Check Fiscal Year Status: Verify the status of the fiscal year in question. If it is closed, you will not be able to make changes to