How To Fix AC495 - The date entered for business transaction &1 is not valid

SAP Error Message - Details

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 495

• Message text: The date entered for business transaction &1 is not valid

What causes this issue?

You chose primary rule '07' for transaction '&V1&'. You did not enter
the required date, or it was entered incorrectly.

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?

Enter a valid date for transaction '&V1&' in the detail screen. Note
that the fields 'day' and 'month' are required entry fields.
If you do not make an entry in the 'year' field, the system
automatically uses the current fiscal year when determining the asset
value date.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AC495 - The date entered for business transaction &1 is not valid ?

  The SAP error message AC495 indicates that the date entered for a business transaction is not valid. This error typically occurs in the context of asset accounting (FI-AA) when trying to post a transaction related to an asset, such as acquisition, transfer, or retirement.
  Cause:
  
  Invalid Date Format: The date may not be in the correct format or may not conform to the system's date settings.
  Date Outside Valid Range: The date entered may fall outside the valid posting periods defined in the system. For example, if the fiscal year has been closed, you cannot post transactions to that year.
  Incorrect Transaction Type: The transaction type being used may have specific date restrictions.
  System Settings: There may be configuration settings in the asset accounting module that restrict certain dates for specific transactions.
  
  Solution:
  
  Check Date Format: Ensure that the date is entered in the correct format as per the system's requirements (e.g., DD.MM.YYYY).
  Verify Posting Period: Check the posting period settings in the system. Ensure that the date falls within an open posting period. You can do this by navigating to:
  
  Transaction Code: OB52 (to check and adjust the posting periods).
  
  
  Review Transaction Type: Make sure that the transaction type you are using allows for the date you are trying to enter. Some transaction types may have restrictions on the dates they can be used.
  Consult Configuration: If you have access, review the configuration settings in the asset accounting module to ensure there are no restrictions on the dates for the specific business transaction you are trying to post.
  Use Current Date: If applicable, try using the current date or a date within the current fiscal year to see if the error persists.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  AS01: Create Asset
  AS02: Change Asset
  AS03: Display Asset
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  Documentation: Review SAP documentation on asset accounting for more details on valid transaction types and date handling.
  
  If the issue persists after checking the above points, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in asset accounting.