How To Fix /ATL/ASSET118 - Last depreciation posting for fiscal year & is not complete

SAP Error Message - Details

• Message type: E = Error

• Message class: /ATL/ASSET -

• Message number: 118

• Message text: Last depreciation posting for fiscal year & is not complete

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message /ATL/ASSET118 - Last depreciation posting for fiscal year & is not complete ?

  The SAP error message /ATL/ASSET118 Last depreciation posting for fiscal year & is not complete typically indicates that there is an issue with the depreciation posting for an asset in the Asset Accounting (FI-AA) module. This error usually arises when the system detects that the last depreciation run for a specific fiscal year has not been completed or has encountered issues.
  Cause:
  
  Incomplete Depreciation Run: The last depreciation run for the specified fiscal year has not been executed or completed successfully.
  Posting Period Issues: The posting period for the asset may be closed or not open for the fiscal year in question.
  Configuration Issues: There may be configuration issues in the Asset Accounting settings that prevent the depreciation from being posted correctly.
  Missing Data: Required data for the asset may be missing or incorrect, preventing the system from completing the depreciation posting.
  
  Solution:
  
  
  Check Depreciation Run:
  
  Go to the transaction code AFAB (Run Depreciation) and check if the depreciation run for the fiscal year has been executed.
  If it has not been run, execute the depreciation run for the relevant fiscal year.
  
  
  
  Review Posting Periods:
  
  Check the posting periods in the transaction code OB52 to ensure that the posting period for the fiscal year is open for posting.
  If the period is closed, you may need to open it temporarily to allow for the depreciation posting.
  
  
  
  Verify Asset Master Data:
  
  Use transaction code AS03 to display the asset master data and ensure that all required fields are filled out correctly.
  Check for any inconsistencies or missing information that could affect the depreciation calculation.
  
  
  
  Check for Errors in Previous Runs:
  
  Review the logs of previous depreciation runs to identify any errors that may have occurred. You can do this in transaction code AFAR (Display Depreciation Run).
  
  
  
  Consult Configuration:
  
  If the issue persists, consult with your SAP FI-AA configuration team to ensure that the settings for depreciation areas, methods, and other related configurations are correct.
  
  
  
  Re-run the Depreciation:
  
  After addressing any issues, re-run the depreciation for the fiscal year to ensure that it completes successfully.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  AFAB: Run Depreciation
  AS03: Display Asset Master Data
  AFAR: Display Depreciation Run
  OB52: Change View "Open and Close Posting Periods"
  
  
  
  Documentation: Refer to SAP Help documentation for Asset Accounting for detailed information on depreciation processes and configurations.
  
  
  Support: If the issue cannot be resolved internally, consider reaching out to SAP support for further assistance.
  
  
  By following these steps, you should be able to identify and resolve the issue related to the error message /ATL/ASSET118.