How To Fix AA962 - Capitalization date & not before closed FY &

AA962 - Overview

• Message type: E = Error

• Message class: AA - Messages for Asset Accounting

• Message number: 962

• Message text: Capitalization date & not before closed FY &

What causes this issue?

You are creating an asset master record for post capitalization.
The capitalization date &V1& is in an open posting period and not
before fiscal year &V2&.

System Response

You cannot create a post capitalization on the &V1&.

How to fix this error?

Enter a capitalization date which is before the fiscal year &V2&.

Error message extract from SAP system. Copyright SAP SE.

AA962 - Details

• The SAP error message AA962 typically occurs in the Asset Accounting (FI-AA) module when you attempt to capitalize an asset in a fiscal year that has already been closed. This error indicates that the capitalization date you are trying to use falls within a closed fiscal year, which is not allowed in SAP.
  
  Cause:
  
  Closed Fiscal Year: The capitalization date you are trying to use is in a fiscal year that has already been closed in the system.
  Configuration Settings: The system settings may not allow transactions to be posted in closed periods, which is a standard practice to maintain data integrity.
  
  
  Solution:
  To resolve the AA962 error, you can consider the following options:
  
  
  Change the Capitalization Date:
  
  If possible, change the capitalization date to a date in an open fiscal year. This is the simplest solution if the asset can be capitalized in a future period.
  
  
  
  Open the Closed Fiscal Year:
  
  If it is necessary to capitalize the