How To Fix AAPO126 - Asset value date and posting date are not in same fiscal year

SAP Error Message - Details

• Message type: E = Error

• Message class: AAPO - Asset Accounting - Posting

• Message number: 126

• Message text: Asset value date and posting date are not in same fiscal year

What causes this issue?

You tried to post a transaction to asset &V1&. Asset value date &V2&
for this transaction is not in the same fiscal year as the posting data
&V3&.

System Response

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

How to fix this error?

Check the posting date and the value date.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AAPO126 - Asset value date and posting date are not in same fiscal year ?

  The SAP error message AAPO126 indicates that there is a mismatch between the asset value date and the posting date in terms of fiscal years. This typically occurs when you are trying to post an asset transaction (like an acquisition, transfer, or retirement) where the value date and the posting date fall into different fiscal years. 
  Cause:
  
  Different Fiscal Years: The value date and posting date are set in different fiscal years. For example, if the value date is in 2022 and the posting date is in 2023, this error will occur.
  Configuration Issues: The fiscal year variant settings in the system may not be aligned properly, leading to discrepancies in how dates are interpreted.
  Incorrect Date Entry: The user may have inadvertently entered dates that are not aligned with the intended fiscal year.
  
  Solution:
  
  Check Dates: Verify the value date and posting date in the transaction. Ensure that both dates fall within the same fiscal year.
  Adjust Dates: If the dates are incorrect, adjust them so that both the value date and posting date are in the same fiscal year.
  Review Fiscal Year Settings: Check the fiscal year variant settings in the configuration to ensure they are set up correctly. This can be done in the SAP Customizing Implementation Guide (IMG) under:
  
  Financial Accounting (New) > Financial Accounting Global Settings (New) > Fiscal Year > Define Fiscal Year Variant.
  
  
  Consult Documentation: If you are unsure about the fiscal year settings or how to adjust the dates, consult the SAP documentation or your organization's SAP support team for guidance.
  
  Related Information:
  
  Transaction Codes: You may encounter this error while using transaction codes related to asset accounting, such as:
  
  AS01: Create Asset
  AS02: Change Asset
  ABZON: Asset Acquisition
  
  
  Fiscal Year Variants: Understanding how fiscal year variants work in SAP is crucial. Each company code can have its own fiscal year variant, which defines the start and end of the fiscal year, as well as the number of posting periods.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues or provide additional guidance related to this error message.
  
  By ensuring that the value date and posting date are aligned within the same fiscal year, you should be able to resolve the AAPO126 error.