How To Fix AC444 - You cannot set the closed fiscal year &1 in area &2

SAP Error Message - Details

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 444

• Message text: You cannot set the closed fiscal year &1 in area &2

What causes this issue?

In company code &V4& you want to set the newly closed fiscal year to
the year &V1&. However, in depreciation area &V2& of company code
&V4&, the closed fiscal year is already &V3&.
It is not possible to take back the closed fiscal year completely.

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?

Use the function "Deselect year-end closing by area" for
company code &V4&.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AC444 - You cannot set the closed fiscal year &1 in area &2 ?

  The SAP error message AC444 indicates that you are trying to post or make changes in a closed fiscal year for a specific area (usually related to Asset Accounting). This error typically arises when you attempt to perform transactions that are not allowed in a fiscal year that has already been closed.
  Cause:
  
  Closed Fiscal Year: The primary cause of this error is that the fiscal year you are trying to access has been closed in the system. This means that no further postings can be made for that year.
  Configuration Settings: The settings in the Asset Accounting configuration may restrict postings to closed fiscal years.
  Posting Periods: The posting period for the asset accounting area may not be open for the fiscal year in question.
  
  Solution:
  
  
  Open the Fiscal Year: If you need to make a posting in a closed fiscal year, you can open the fiscal year in the configuration settings. This is typically done by:
  
  Navigating to the transaction code OB52 (Change View "Posting Periods": Overview).
  Adjusting the settings to allow postings for the closed fiscal year.
  Note: This should be done with caution and typically requires authorization, as it can affect financial reporting.
  
  
  
  Check Posting Periods: Ensure that the posting periods for the asset accounting area are correctly configured. You can check this in the same transaction (OB52) or through the Asset Accounting configuration.
  
  
  Review Configuration: If you are consistently facing this issue, review the configuration settings for Asset Accounting to ensure they align with your business processes and requirements.
  
  
  Consult with Finance Team: If you are unsure about opening a closed fiscal year or making changes, consult with your finance team or SAP consultant to ensure compliance with accounting standards and practices.
  
  
  Related Information:
  
  Transaction Codes: 
  
  OB52: Change Posting Periods
  OAAQ: Asset Accounting Configuration
  
  
  Documentation: Refer to SAP Help documentation for Asset Accounting for detailed information on fiscal year closing and posting periods.
  User Roles: Ensure that you have the necessary authorizations to make changes to fiscal year settings.
  
  Important Note:
  Opening a closed fiscal year should be done with caution, as it can lead to discrepancies in financial reporting and auditing issues. Always ensure that such actions are in line with your organization's policies and procedures.