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

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message AA708 - Fiscal year change requested for the past ?

  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 it.
  Open the Fiscal Year: If necessary and appropriate, you can open the fiscal year again using transaction code OB52 (Change View "Open and Close Posting Periods"). However, this should be done with caution and typically requires authorization.
  Adjust Transactions: If you need to make adjustments, consider posting adjustments in the current fiscal year instead of trying to change the past fiscal year.
  Consult with Finance Team: If you are unsure about the implications of changing fiscal years, consult with your finance or accounting team to ensure compliance with accounting standards and practices.
  Use Year-End Closing Procedures: Follow the proper year-end closing procedures to ensure that all necessary adjustments are made before closing the fiscal year.
  
  Related Information:
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  OB52: To open or close posting periods.
  AS01/AS02: To create or change asset master records.
  S_ALR_87011990: To view asset history and transactions.
  
  
  
  Documentation: Review SAP documentation or help files related to Asset Accounting and fiscal year-end processes for more detailed guidance.
  
  
  User Authorizations: Ensure that you have the necessary authorizations to perform actions related to fiscal year changes.
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues or provide additional guidance related to this error message.
  
  
  Always ensure that any changes made to fiscal years or asset accounting are in compliance with your organization's policies and accounting standards.