How To Fix ACC_AA309 - Perform year-end closing for company code &1

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 309

• Message text: Perform year-end closing for company code &1

What causes this issue?

You would like to implement a new accounting principle. Only one year is
allowed to be open from when you want to implement the accounting
principle.
Make sure that only the current year is open for all company codes that
are assigned to your project ID.

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?

Perform year-end closing for previous years:
To do this, in the SAP Easy Access menu <LS>Accounting -> Financial
Accounting -> Fixed Assets -> Periodic Processing -> Year-End Closing ->
Execute </> (transaction <DS:TRAN.AJAB>AJAB</>).

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message ACC_AA309 - Perform year-end closing for company code &1 ?

  The SAP error message ACC_AA309, which states "Perform year-end closing for company code &1," typically occurs in the Asset Accounting (FI-AA) module when you attempt to execute certain transactions or reports without having completed the year-end closing process for the specified company code.
  Cause:
  The error indicates that the year-end closing for the specified company code has not been performed. This is a necessary step in the Asset Accounting module to ensure that all asset transactions for the fiscal year are finalized and that the system is ready for the new fiscal year.
  Solution:
  To resolve this error, you need to perform the year-end closing for the affected company code. Here are the general steps to do this:
  
  
  Check the Current Year-End Closing Status:
  
  Use transaction code AJAB to check if the year-end closing has been completed for the company code in question.
  
  
  
  Perform Year-End Closing:
  
  If the year-end closing has not been performed, you can execute the year-end closing process using transaction code AJAB.
  Follow the prompts to complete the year-end closing for the specified company code. This process typically involves:
  
  Ensuring all asset transactions for the year are posted.
  Running depreciation calculations.
  Closing the fiscal year for asset accounting.
  
  
  
  
  
  Post-Closing Activities:
  
  After the year-end closing is completed, you may need to perform additional activities such as:
  
  Running reports to verify that the closing was successful.
  Making any necessary adjustments or corrections.
  
  
  
  
  
  Re-attempt the Original Transaction:
  
  Once the year-end closing is successfully completed, you can re-attempt the transaction that triggered the error message.
  
  
  
  Related Information:
  
  Documentation: Refer to SAP Help documentation for Asset Accounting for detailed steps and guidelines on year-end closing procedures.
  Transaction Codes:
  
  AJAB: Year-End Closing for Asset Accounting
  AW01N: Asset Master Record
  S_ALR_87011963: Asset History Sheet (for reporting)
  
  
  Support: If you continue to experience issues, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  By following these steps, you should be able to resolve the ACC_AA309 error and successfully complete the necessary year-end closing activities for your company code.