How To Fix AC443 - The closed fiscal year was reset to &1 in area &2 of company code &3

SAP Error Message - Details

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 443

• Message text: The closed fiscal year was reset to &1 in area &2 of company code &3

What causes this issue?

The closed fiscal year has been reset to &V3& in company code &V2&
for depreciation area &V1&.

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?

To close the fiscal year, use the function "Carry out year-end close."

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AC443 - The closed fiscal year was reset to &1 in area &2 of company code &3 ?

  The SAP error message AC443 indicates that the closed fiscal year has been reset in a specific area of a company code. This typically occurs in the Asset Accounting (FI-AA) module when there is an attempt to post or make changes to assets in a fiscal year that has already been closed.
  Cause:
  
  Posting in a Closed Fiscal Year: The most common cause of this error is an attempt to post an asset transaction (like acquisition, transfer, or retirement) in a fiscal year that has already been closed.
  Configuration Issues: There may be configuration settings that allow for postings in closed periods, which can lead to inconsistencies.
  Manual Changes: Sometimes, manual changes to the fiscal year settings or asset master data can inadvertently lead to this error.
  
  Solution:
  
  Check Fiscal Year Status: Verify the status of the fiscal year in question. Ensure that the fiscal year is indeed closed and that no postings should be made to it.
  Post in the Correct Year: If you need to make a posting, ensure that it is done in an open fiscal year. You may need to adjust your posting date accordingly.
  Review Configuration: Check the configuration settings in the Asset Accounting module to ensure that the system is set up correctly regarding fiscal year closures.
  Use Transaction Codes: Use transaction codes like OAAQ (for fiscal year change) or OAYR (for year-end closing) to review and manage fiscal year settings.
  Consult with Finance Team: If you are unsure about the implications of changing fiscal year settings, consult with your finance or accounting team to ensure compliance with accounting standards and practices.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP for Asset Accounting, such as:
  
  OAAQ: Change fiscal year
  OAYR: Year-end closing
  OABW: Asset transactions
  
  
  SAP Notes: Check SAP Notes for any specific patches or updates related to this error message.
  Documentation: Review SAP documentation on Asset Accounting and fiscal year-end processes for best practices and guidelines.
  
  If the issue persists after following these steps, it may be necessary to engage with SAP support or your internal SAP team for further investigation.