How To Fix AA709 - Target fiscal year specifications & wrong for company code &

SAP Error Message - Details

• Message type: E = Error

• Message class: AA - Messages for Asset Accounting

• Message number: 709

• Message text: Target fiscal year specifications & wrong for company code &

What causes this issue?

The requested fiscal year &V1& is <ZH>not</> the fiscal year that
directly follows the current or fiscal year just finished in company
code &V2&.

System Response

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

How to fix this error?

Correct your entry.

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 AA709 - Target fiscal year specifications & wrong for company code & ?

  The SAP error message AA709 typically indicates an issue with the fiscal year specifications for a company code in the Asset Accounting (AA) module. This error can occur when there is a mismatch or incorrect configuration related to the fiscal year settings for the specified company code.
  Cause:
  
  Incorrect Fiscal Year Variant: The fiscal year variant assigned to the company code may not match the fiscal year settings in the Asset Accounting configuration.
  Missing or Incorrect Configuration: The fiscal year settings for the asset accounting may not be properly defined for the company code in question.
  Period Locking: The fiscal year or periods may be locked, preventing transactions from being processed.
  Data Entry Errors: There may be errors in the data entry for asset transactions that reference the wrong fiscal year or company code.
  
  Solution:
  
  
  Check Fiscal Year Variant:
  
  Go to the configuration settings in SAP (Transaction Code: OAVC) and verify that the fiscal year variant assigned to the company code is correct.
  Ensure that the fiscal year variant is properly defined and that it matches the requirements for asset accounting.
  
  
  
  Review Asset Accounting Configuration:
  
  Use Transaction Code: OAYZ to check the settings for the company code in Asset Accounting.
  Ensure that the fiscal year settings are correctly defined and that the periods are open for posting.
  
  
  
  Unlock Periods:
  
  If the periods are locked, you may need to unlock them using Transaction Code: OB52 to allow postings for the required fiscal year.
  
  
  
  Correct Data Entry:
  
  Review the transaction that triggered the error and ensure that the fiscal year and company code are correctly specified.
  Make any necessary corrections to the data entry.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for further guidance on configuring fiscal year settings in Asset Accounting.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OAVC: Define Fiscal Year Variant
  OAYZ: Define Company Code in Asset Accounting
  OB52: Open and Close Posting Periods
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to the AA709 error message.
  User Authorization: Ensure that you have the necessary authorizations to make changes to the configuration settings.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in Asset Accounting for further assistance.