How To Fix AW383 - Transactions not allowed in settlement year

AW383 - Overview

• Message type: E = Error

• Message class: AW - AuC messages

• Message number: 383

• Message text: Transactions not allowed in settlement year

What causes this issue?

Certain transactions are not permitted for assets under construction
in the year of capitalization. Among these transactions are investment
support measures and manual special and ordinary depreciation.

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?

Reverse these transactions from the asset under construction.
Then settle the asset under construction, and post the transactions
directly to the capitalized asset.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AW383 - Transactions not allowed in settlement year ?

  The SAP error message AW383, which states "Transactions not allowed in settlement year," typically occurs in the context of Asset Accounting (FI-AA) when you attempt to perform certain transactions in a fiscal year that has been closed for settlement purposes. This can happen when you try to post transactions related to asset settlements, such as transfers, retirements, or adjustments, in a fiscal year that is not open for such activities.
  
  Cause:
  
  Closed Fiscal Year: The fiscal year for the asset has been closed, and no further transactions are allowed.
  Settlement Period: The settlement period for the asset has been closed, preventing any new postings.
  Configuration Settings: The system settings may restrict transactions in certain periods or years based on company policy or configuration.
  
  
  Solution:
  To resolve the AW383 error, you can consider the following steps:
  
  
  Check Fiscal Year Status:
  
  Verify if the fiscal year in question is indeed closed. You can do this by checking the fiscal year