How To Fix ACC_AA242 - CCode &3: Posted period for area &1 does not match transfer date &2

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 242

• Message text: CCode &3: Posted period for area &1 does not match transfer date &2

What causes this issue?

In the Customizing settings for the legacy data transfer in company code
&V3&, the values defined in the fields <LS>Period of Last Depreciation
Posting</> and <LS>Fiscal Year of Last Depreciation Posting</> for the
area &V1& do <ZH>not</> match the legacy data transfer date &V2& and the
fiscal year variant &V4&.

System Response

The settings <ZH>cannot</> be saved.

How to fix this error?

Make sure that the fields <LS>Period of Last Depreciation Posting</> and
<LS>Fiscal Year of Last Depreciation Posting</> match for all posting
areas of a ledger group. Make sure that the fiscal year matches the
transfer year and the period is smaller/equal to the transfer period,
taking the fiscal year variant into account that is relevant for the
ledger group from an asset accounting point of view.

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_AA242 - CCode &3: Posted period for area &1 does not match transfer date &2 ?

  The SAP error message ACC_AA242 indicates a mismatch between the posted period for a specific asset area and the transfer date in the context of asset accounting. This error typically arises when you attempt to post a transaction (like an asset transfer) that involves an asset in a different accounting period than the one defined for the transfer date.
  Cause:
  
  Period Mismatch: The asset area (identified by &1) has a defined posting period that does not align with the transfer date (&2) you are trying to use for the transaction.
  Closed Period: The period for the asset area may be closed, meaning that no further postings can be made for that period.
  Incorrect Transfer Date: The transfer date you are using may be incorrect or not aligned with the fiscal year settings.
  
  Solution:
  
  
  Check Asset Area Settings: Verify the posting periods for the asset area in question. Ensure that the transfer date falls within an open posting period for that asset area.
  
  Navigate to the Asset Accounting configuration and check the settings for the relevant asset area.
  
  
  
  Adjust Transfer Date: If the transfer date is incorrect, adjust it to a date that falls within an open period for the asset area.
  
  
  Open the Period: If necessary, you can open the closed period for posting. This should be done with caution and typically requires authorization, as it can affect financial reporting.
  
  Use transaction code OB52 to manage the posting periods.
  
  
  
  Review Fiscal Year Settings: Ensure that the fiscal year settings are correctly configured and that the asset area is aligned with the overall company code settings.
  
  
  Consult Documentation: If the issue persists, refer to SAP documentation or consult with your SAP support team for further assistance.
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  OB52: To manage posting periods.
  AS02: To change asset master data.
  AS11: To display asset master data.
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  
  
  User Authorization: Ensure that you have the necessary authorizations to make changes to asset accounting settings or to open periods.
  
  
  By following these steps, you should be able to resolve the ACC_AA242 error and successfully post your asset transfer.