How To Fix AW383 - Transactions not allowed in settlement year

SAP Error Message - Details

• 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 settings in the Financial Accounting module.
  
  
  
  Open the Fiscal Year:
  
  If necessary and appropriate, you can open the fiscal year for posting. This typically requires authorization and should be done with caution, as it may affect financial reporting.
  
  
  
  Review Asset Settings:
  
  Check the asset master data to ensure that the asset is set up correctly and that the relevant periods for transactions are open.
  
  
  
  Consult with Finance Team:
  
  Discuss with your finance or accounting team to understand the implications of opening a closed fiscal year and whether it is necessary to do so.
  
  
  
  Use Transaction Codes:
  
  Use transaction codes like OAAQ (for asset accounting) to check the status of the fiscal year and make necessary adjustments.
  
  
  
  Check Configuration:
  
  Review the configuration settings in the Asset Accounting module to ensure that they align with your organization's policies regarding fiscal year closings.
  
  
  
  Related Information:
  
  SAP Notes: Check SAP Notes for any specific patches or updates related to this error message.
  Documentation: Refer to SAP documentation for Asset Accounting to understand the implications of fiscal year closures and the types of transactions that can be performed.
  User Authorizations: Ensure that you have the necessary authorizations to perform transactions in the Asset Accounting module.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a consultant who specializes in SAP Asset Accounting for further assistance.