How To Fix AW637 - Reversal only possible in same fiscal year

SAP Error Message - Details

• Message type: E = Error

• Message class: AW - AuC messages

• Message number: 637

• Message text: Reversal only possible in same fiscal year

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message AW637 - Reversal only possible in same fiscal year ?

  The SAP error message AW637 ("Reversal only possible in same fiscal year") typically occurs when you attempt to reverse a financial document (such as a journal entry or an asset transaction) that was posted in a previous fiscal year. In SAP, certain transactions can only be reversed within the same fiscal year to maintain the integrity of financial reporting and compliance with accounting standards.
  Cause:
  
  Fiscal Year Restrictions: The primary cause of this error is that the original document you are trying to reverse was posted in a different fiscal year than the current one.
  Document Type Settings: Some document types may have specific settings that restrict reversals to the same fiscal year.
  Period Closing: If the fiscal year has been closed, it may prevent any reversals from being processed.
  
  Solution:
  To resolve the AW637 error, you can consider the following options:
  
  
  Reversal in the Same Fiscal Year:
  
  Ensure that you are attempting to reverse the document within the same fiscal year in which it was originally posted. If the original document is from a previous fiscal year, you will need to take additional steps.
  
  
  
  Use a Manual Adjustment:
  
  If the reversal cannot be processed due to fiscal year restrictions, you may need to create a manual adjustment entry in the current fiscal year to correct the financial impact of the original transaction.
  
  
  
  Open the Previous Fiscal Year:
  
  If your organization allows it and it is compliant with your accounting policies, you may consider temporarily reopening the previous fiscal year to process the reversal. This typically requires specific authorizations and should be done with caution.
  
  
  
  Consult with Finance Team:
  
  Discuss with your finance or accounting team to determine the best course of action based on your organization's policies and procedures.
  
  
  
  Check Document Type Settings:
  
  Review the settings for the document type you are using to see if there are any restrictions on reversals and adjust them if necessary.
  
  
  
  Related Information:
  
  SAP Notes: Check SAP Notes for any specific guidance or updates related to this error message.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FB08 (for reversing accounting documents) and others that may be applicable.
  Fiscal Year Configuration: Understand how your organization configures fiscal years in SAP, as this can impact how transactions are processed.
  
  Always ensure that any actions taken are in compliance with your organization's financial policies and procedures.