How To Fix AU253 - The takeover date & is before the end of the previous fiscal year.

SAP Error Message - Details

• Message type: E = Error

• Message class: AU - FI-AA utility program error messages

• Message number: 253

• Message text: The takeover date & is before the end of the previous fiscal year.

What causes this issue?

It is not possible to take over old data during the fiscal year in the
proevious fiscal year.

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?

Transfer data from your previous system either in the current
fiscal year or at the end of the previous fiscal year.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AU253 - The takeover date & is before the end of the previous fiscal year. ?

  The SAP error message AU253 indicates that there is an issue with the takeover date being set before the end of the previous fiscal year. This typically occurs in the context of asset accounting when you are trying to post an asset acquisition or transfer with a takeover date that is not valid according to the fiscal year settings in the system.
  Cause:
  
  Invalid Takeover Date: The takeover date you are trying to enter is earlier than the last day of the previous fiscal year. For example, if the fiscal year ends on December 31, 2022, and you are trying to enter a takeover date of January 1, 2022, this will trigger the error.
  Fiscal Year Settings: The fiscal year variant settings in SAP may not allow postings to be made for periods that are closed.
  Asset Accounting Configuration: The configuration settings for asset accounting may restrict the posting of transactions to certain periods.
  
  Solution:
  
  Check the Takeover Date: Ensure that the takeover date you are entering is valid and falls within an open fiscal year. Adjust the date to be on or after the start of the current fiscal year.
  Review Fiscal Year Settings: Go to the configuration settings for the fiscal year variant in SAP and check the periods that are open for posting. You can do this in the following path:
  
  Transaction Code: OB29 (for fiscal year variant settings)
  Ensure that the fiscal year you are working with is open for postings.
  
  
  Adjust Asset Acquisition/Transfer: If the takeover date is indeed incorrect, modify the asset acquisition or transfer document to reflect the correct date.
  Consult with Finance Team: If you are unsure about the correct fiscal year settings or the implications of changing the takeover date, consult with your finance or accounting team to ensure compliance with accounting policies.
  
  Related Information:
  
  Transaction Codes: 
  
  AS01: Create Asset
  AS02: Change Asset
  AS03: Display Asset
  
  
  Fiscal Year Variants: Understand how fiscal year variants are set up in your organization, as they dictate the periods in which transactions can be posted.
  SAP Notes: Check for any relevant SAP Notes or documentation that may provide additional insights or updates related to this error message.
  
  By following these steps, you should be able to resolve the AU253 error and successfully process your asset transactions.