How To Fix AC187 - Transfer date & is more than one year after the closed fiscal year.

SAP Error Message - Details

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 187

• Message text: Transfer date & is more than one year after the closed fiscal year.

What causes this issue?

Your specification for the legacy data transfer date &V1& is more than
one year after the last closed fiscal year &V2&. You can only transfer
legacy asset data at the end of the last closed fiscal year, or using a
date during the fiscal year in the fiscal year following the last
closed fiscal year.

System Response

How to fix this error?

Correct your entries.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AC187 - Transfer date & is more than one year after the closed fiscal year. ?

  The SAP error message AC187 indicates that there is an issue with the transfer date being set more than one year after the closed fiscal year. This typically occurs when you are trying to post a transaction related to asset accounting (like asset transfers, retirements, or adjustments) and the transfer date exceeds the allowable range defined by the fiscal year settings in your SAP system.
  Cause:
  
  Closed Fiscal Year: The fiscal year in which the asset was originally recorded has been closed, and the transfer date you are trying to use is more than one year after that closed fiscal year.
  System Settings: The system settings may restrict transactions to be posted only within the current fiscal year or the previous fiscal year.
  
  Solution:
  
  Check Transfer Date: Ensure that the transfer date you are using is within the allowable range. It should not exceed one year after the last closed fiscal year.
  Adjust Transfer Date: If possible, adjust the transfer date to a valid date that falls within the open fiscal years.
  Open Fiscal Year: If the transaction is necessary and the date cannot be changed, consider opening the closed fiscal year (if your organization's policy allows this). This can be done by adjusting the fiscal year settings in the configuration.
  Consult with Finance Team: Discuss with your finance or accounting team to understand the implications of changing fiscal year settings or transfer dates.
  Use Year-End Closing Procedures: If the transaction is related to year-end processes, ensure that you are following the correct procedures for year-end closing in SAP.
  
  Related Information:
  
  SAP Configuration: The fiscal year settings can be configured in the SAP system under the Financial Accounting (FI) module. You can check the settings in transaction code OAAQ (for Asset Accounting) or OAVC (for fiscal year variant).
  Documentation: Refer to SAP documentation or help files for more detailed information on asset accounting and fiscal year settings.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  
  If the issue persists after trying the above solutions, it may be beneficial to consult with your SAP support team or a consultant who specializes in SAP Asset Accounting.