How To Fix AC587 - Posting date and asset value date are in different fiscal years

AC587 - Overview

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 587

• Message text: Posting date and asset value date are in different fiscal years

What causes this issue?

The system should determine the asset value date for the Asset
Accounting transaction '&v1&' using the primary rule '&v2&' or the
alternative rule '&v3&'. The asset value date that was determined in
this way has a different fiscal year than the posting date of the
transaction.

How to fix this error?

First, check if one of the two rules is a user-defined rule (designated
by '9' as the first character in the key of the rule). If neither of
the rules is user-defined, there is probably a program error. Please
contact your system specialist.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AC587 - Posting date and asset value date are in different fiscal years ?

  The SAP error message AC587 indicates that there is a mismatch between the posting date and the asset value date in terms of fiscal years. This typically occurs when you are trying to post an asset transaction (like acquisition, transfer, or retirement) where the posting date falls in one fiscal year while the asset value date falls in another fiscal year. 
  
  Cause:
  
  Different Fiscal Years: The posting date and asset value date are set in different fiscal years. For example, if the posting date is in 2023 and the asset value date is in 2024, this error will occur.
  
  Configuration Issues: The fiscal year variant settings in the asset accounting module may not align with the general ledger settings.
  Incorrect Date Entry: Users may have inadvertently entered the wrong dates during the transaction entry.
  
  
  Solution:
  
  Check Dates: Verify the posting date and asset value date in the transaction. Ensure that both dates are in the