How To Fix AB035 - There is an incorrect posting date (&3) in asset &1 &2

SAP Error Message - Details

• Message type: E = Error

• Message class: AB -

• Message number: 035

• Message text: There is an incorrect posting date (&3) in asset &1 &2

What causes this issue?

The posting date &V3& is not valid in the system.

System Response

No further processing of the report.

How to fix this error?

Replace the invalid system date in the transactions for the asset
&V1& &V2& with a valid date.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AB035 - There is an incorrect posting date (&3) in asset &1 &2 ?

  The SAP error message AB035 indicates that there is an incorrect posting date in the context of asset accounting. This error typically arises when the posting date for a transaction involving an asset does not fall within the valid posting periods defined in the system.
  Cause:
  
  Invalid Posting Date: The posting date specified in the transaction is outside the allowed posting periods for asset accounting.
  Closed Periods: The period for the asset transaction may have been closed, meaning that no further postings can be made for that period.
  Configuration Issues: There may be configuration settings in the asset accounting module that restrict posting dates.
  
  Solution:
  
  Check Posting Date: Verify the posting date you are trying to use. Ensure that it is within the open posting periods for asset accounting.
  Open Posting Periods: If the posting date is indeed valid, check the configuration in the system to ensure that the relevant posting periods are open. You can do this by navigating to:
  
  Transaction Code: OB52 (for managing posting periods)
  Ensure that the period for the specified posting date is open for the relevant company code and fiscal year.
  
  
  Adjust Posting Date: If the posting date is incorrect, adjust it to a valid date that falls within the open periods.
  Consult with Finance Team: If you are unsure about the posting periods or need to make changes, consult with your finance or accounting team to ensure compliance with financial policies.
  
  Related Information:
  
  Transaction Codes: 
  
  AB01: Asset Posting
  AB02: Change Asset
  OB52: Open and Close Posting Periods
  
  
  Documentation: Refer to SAP Help documentation for Asset Accounting for more detailed information on posting periods and asset transactions.
  User Roles: Ensure that you have the necessary authorizations to post transactions in asset accounting.
  
  By following these steps, you should be able to resolve the AB035 error and successfully post your asset transaction.