How To Fix ACC_AA214 - CoCd &1: Fiscal year in depreciation area &3 is not yet closed

SAP Error Message - Details

• Message type: E = Error

• Message class: ACC_AA - Message Class for Function Group ACC_AA

• Message number: 214

• Message text: CoCd &1: Fiscal year in depreciation area &3 is not yet closed

What causes this issue?

The fiscal year &V2& in depreciation area &V3& in company code &V1& is
<ZH>not</> yet closed.
Before installing SAP Simple Finance, the fiscal year &V2& must be
closed for all depreciation areas of the company code.

System Response

SAP Simple Finance can<ZH>not</> be installed. It will <ZH>not</> be
possible to migrate documents.

How to fix this error?

Close fiscal year &V2& for depreciation area &V3& in company code &V1&.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message ACC_AA214 - CoCd &1: Fiscal year in depreciation area &3 is not yet closed ?

  The SAP error message ACC_AA214 indicates that the fiscal year in a specific depreciation area has not yet been closed for the company code specified. This error typically arises when you attempt to perform an action (like posting an asset transaction) that requires the fiscal year to be closed in the depreciation area.
  Cause:
  
  Open Fiscal Year: The fiscal year for the specified depreciation area is still open, meaning that transactions can still be posted to that year.
  Depreciation Area Settings: The settings for the depreciation area may not have been configured to close the fiscal year.
  Posting Period: The posting period may not be set correctly, allowing postings to an open fiscal year.
  
  Solution:
  
  
  Close the Fiscal Year:
  
  Navigate to the Asset Accounting module in SAP.
  Use transaction code AJAB to close the fiscal year for the relevant company code and depreciation area.
  Ensure that all necessary postings for the fiscal year have been completed before closing.
  
  
  
  Check Depreciation Area Settings:
  
  Go to the configuration settings for the depreciation area (Transaction code: OAYZ).
  Verify that the fiscal year settings are correct and that the area is set to allow closing.
  
  
  
  Review Posting Periods:
  
  Check the posting periods in the Financial Accounting module (Transaction code: OB52).
  Ensure that the posting periods are correctly defined and that the fiscal year is closed for the relevant periods.
  
  
  
  Consult with Finance Team: If you are unsure about closing the fiscal year or if there are pending transactions, consult with your finance team or SAP administrator to ensure that all necessary steps are taken before closing.
  
  
  Related Information:
  
  
  Transaction Codes:
  
  AJAB: Close Fiscal Year for Asset Accounting
  OAYZ: Configuration for Depreciation Areas
  OB52: Maintain Posting Periods
  
  
  
  Documentation: Refer to SAP Help documentation for Asset Accounting for detailed steps on managing fiscal years and depreciation areas.
  
  
  SAP Notes: Check for any relevant SAP Notes that may provide additional guidance or updates related to this error message.
  
  
  By following these steps, you should be able to resolve the ACC_AA214 error and successfully manage your asset accounting processes.