How To Fix AC186 - Transfer date & is in a closed fiscal year

SAP Error Message - Details

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 186

• Message text: Transfer date & is in a closed fiscal year

What causes this issue?

The transfer date &V1& you entered is before the last day of the last
closed fiscal year &V2&.

System Response

How to fix this error?

The earliest point at which legacy data transfer is possible is the
last day of the last closed fiscal year. Correct your entry.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AC186 - Transfer date & is in a closed fiscal year ?

  The SAP error message AC186 indicates that there is an issue with the transfer date being set in a closed fiscal year. This typically occurs when you are trying to post an asset transaction (like an acquisition, transfer, or retirement) with a date that falls within a fiscal year that has already been closed in the system.
  Cause:
  
  Closed Fiscal Year: The fiscal year for the transfer date has been closed, meaning that no further postings can be made for that year.
  Incorrect Date: The date you are trying to use for the asset transaction is not valid because it falls outside the open periods defined in the fiscal year variant.
  Configuration Issues: There may be configuration settings in the asset accounting module that restrict postings to certain periods.
  
  Solution:
  
  Change the Transfer Date: Adjust the transfer date to a date that falls within an open fiscal year. You can check the open and closed periods in the configuration settings.
  Open the Fiscal Year: If it is necessary to post the transaction in the closed fiscal year, you may need to temporarily open that fiscal year. This should be done with caution and typically requires authorization.
  
  Navigate to Transaction Code OB52 to manage the posting periods.
  Ensure that the fiscal year is opened for the relevant company code and period.
  
  
  Review Configuration: Check the configuration settings for asset accounting to ensure that they align with your business processes and requirements.
  Consult with Finance Team: If you are unsure about changing dates or opening fiscal years, consult with your finance or accounting team to ensure compliance with accounting policies.
  
  Related Information:
  
  Transaction Codes: 
  
  OB52: To manage posting periods.
  AS01: To create an asset.
  AS02: To change an asset.
  AS03: To display an asset.
  
  
  Fiscal Year Variant: Understand the fiscal year variant settings in your SAP system, which define the open and closed periods.
  Documentation: Refer to SAP documentation or help files for detailed instructions on managing asset accounting and fiscal year settings.
  
  Always ensure that any changes made to fiscal year settings are in compliance with your organization's accounting policies and procedures.