How To Fix AC424 - Depreciation area &1 is already closed for the year &2.

SAP Error Message - Details

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 424

• Message text: Depreciation area &1 is already closed for the year &2.

What causes this issue?

Processing terminated, since depreciation area &V1& in company code
&V3& is already closed in fiscal year &V2&.
Area &V1& is linked, through a derived depreciation area, to other
areas that are still open for fiscal year &V2&.

System Response

You chose a function that can change the values in company code &V3&
for the year &V2&. However, for this to work, fiscal year &V2& must be
open for all, or at least certain particular, areas. If the fiscal year
is only open for particular areas, you must ensure that the areas
linked with them through derived areas are also open. The rule here is
that either all the areas dependent on a derived area must be open, or
none of them.

How to fix this error?

Check the last fiscal year closed for the individual depreciation areas
(application menu: Periodic processing -> Fiscal year close).

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AC424 - Depreciation area &1 is already closed for the year &2. ?

  The SAP error message AC424 indicates that a specific depreciation area (denoted as &1) has already been closed for the fiscal year (denoted as &2). This typically occurs when you attempt to post a transaction that affects the asset in a depreciation area that has already been finalized for the specified fiscal year.
  Cause:
  
  Year-End Closing: The depreciation area has been closed as part of the year-end closing process, which means that no further postings can be made to that area for the closed fiscal year.
  Incorrect Posting Period: You may be trying to post an asset transaction in a period that is not open for posting in the specified depreciation area.
  Configuration Issues: There may be configuration settings that prevent postings to closed periods or depreciation areas.
  
  Solution:
  
  Check Posting Periods: Verify that the posting period you are trying to use is open for the depreciation area in question. You can do this by checking the configuration in the Asset Accounting (FI-AA) module.
  Reopen the Fiscal Year: If necessary and appropriate, you can reopen the fiscal year for the depreciation area. This is typically done by the finance team and should be approached with caution, as it may have implications for financial reporting.
  Post in the Correct Period: If the fiscal year cannot be reopened, you will need to post your transaction in the next open fiscal year or in a period that is still open for the depreciation area.
  Consult with Finance Team: If you are unsure about the implications of reopening a fiscal year or how to proceed, consult with your finance team or SAP support for guidance.
  
  Related Information:
  
  Transaction Codes: You can use transaction codes like OB52 to check and manage posting periods.
  Asset Accounting Configuration: Review the configuration settings in the Asset Accounting module to ensure that they align with your organization's policies regarding year-end closings.
  Documentation: Refer to SAP documentation or help files for more detailed information on managing asset accounting and handling year-end processes.
  
  By following these steps, you should be able to resolve the AC424 error and ensure that your asset transactions are posted correctly.