How To Fix AC593 - You cannot reset the closed fiscal year

AC593 - Overview

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 593

• Message text: You cannot reset the closed fiscal year

What causes this issue?

You cannot reset the closed fiscal year for company code &V1& and
depreciation area &V2&, since the depreciation area has already been
converted to a different currency.

System Response

Error message

How to fix this error?

Correct your entry.

Error message extract from SAP system. Copyright SAP SE.

AC593 - Details

• The SAP error message AC593, "You cannot reset the closed fiscal year," typically occurs when you attempt to make changes or reset settings in a fiscal year that has already been closed in the system. This is a common issue in financial accounting and asset accounting modules within SAP.
  
  Cause:
  
  Closed Fiscal Year: The primary reason for this error is that the fiscal year you are trying to reset or modify has been closed. Once a fiscal year is closed, it is generally locked to prevent any changes that could affect financial reporting and integrity.
  Configuration Settings: The system settings may not allow for the reopening or resetting of closed fiscal years due to compliance or internal control policies.
  Posting Periods: The posting periods for the closed fiscal year may have been set to "no posting allowed," which prevents any changes.
  
  
  Solution:
  
  Check Fiscal Year Status: Verify the status of the fiscal year in question. If