How To Fix AB207 - Planned retirement date for assets in current fiscal year not supported

SAP Error Message - Details

• Message type: E = Error

• Message class: AB -

• Message number: 207

• Message text: Planned retirement date for assets in current fiscal year not supported

What causes this issue?

You are running a fixed asset simulation for fixed assets on a planned
asset retirement date for company code &V1& in fiscal year &V2&.
This is <ZH>not</> allowed. An asset simulation up to a planned asset
retirement date is only possible for future fiscal years that are not
yet open.

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?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AB207 - Planned retirement date for assets in current fiscal year not supported ?

  The SAP error message AB207, which states "Planned retirement date for assets in current fiscal year not supported," typically occurs when you attempt to retire an asset in the current fiscal year, but the system does not allow it due to certain restrictions or settings.
  Cause:
  
  Fiscal Year Settings: The fiscal year settings in the system may not allow for asset retirements in the current year. This could be due to the fiscal year being closed or specific configurations that prevent asset retirements.
  Asset Master Data: The asset master data may have restrictions or settings that do not permit retirement in the current fiscal year.
  Depreciation Areas: The depreciation areas associated with the asset may have settings that restrict retirement actions.
  Posting Periods: The posting periods for the current fiscal year may be closed, preventing any transactions from being processed.
  
  Solution:
  
  Check Fiscal Year Settings: Verify the fiscal year settings in the system. Ensure that the fiscal year is open for transactions, including asset retirements.
  Review Asset Master Data: Check the asset master data for any restrictions or settings that may prevent retirement. Ensure that the asset is eligible for retirement.
  Check Depreciation Areas: Review the depreciation areas associated with the asset to ensure that they allow for retirement in the current fiscal year.
  Open Posting Periods: Ensure that the posting periods for the current fiscal year are open. You can do this by navigating to the transaction code OB52 to check and adjust the posting periods.
  Consult with Finance Team: If you are unsure about the settings or configurations, consult with your finance or accounting team to ensure compliance with company policies and procedures.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as AS02 (Change Asset), AS03 (Display Asset), and OB52 (Open/Close Posting Periods).
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  Documentation: Review SAP documentation related to asset accounting and retirement processes for further insights.
  
  By following these steps, you should be able to identify the cause of the AB207 error and implement the necessary solutions to resolve it.