How To Fix AC199 - Closed fiscal year does not agree with legacy data transfer date

AC199 - Overview

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 199

• Message text: Closed fiscal year does not agree with legacy data transfer date

What causes this issue?

The closed fiscal year &V1& does not match the date of the legacy data
transfer &V2&:
If you wish to carry out a transfer during the fiscal year, the date of
the legacy data transfer has to be in the year following the closed
fiscal year.
Example: Transfer date 07.01., closed fiscal year: Previous Year
In any other cases the transfer date has to be the last day of the last
closed fiscal year.
Example: Transfer date 12.31., closed fiscal year:
Current Year

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?

Correct your entries.

Error message extract from SAP system. Copyright SAP SE.

AC199 - Details

• The SAP error message AC199, which states "Closed fiscal year does not agree with legacy data transfer date," typically occurs during the process of transferring legacy data into the SAP system, particularly in the context of asset accounting. This error indicates that the fiscal year you are trying to use for the data transfer is closed, and therefore, the system does not allow any postings or changes to be made for that period.
  
  Cause:
  
  Closed Fiscal Year: The fiscal year you are attempting to use for the legacy data transfer has been closed in the system. This means that no further transactions can be posted to that year.
  Incorrect Transfer Date: The date you are using for the legacy data transfer does not align with an open fiscal year in the SAP system.
  
  Configuration Issues: There may be configuration settings in the asset accounting module that restrict postings to closed fiscal years.
  
  
  Solution:
  
  Check Fiscal Year