How To Fix AY010 - Start-up date & is in or before closed fiscal year &. Please check.

SAP Error Message - Details

• Message type: E = Error

• Message class: AY - Deprec. simulation - maint. module (AIPS) /gen. master data

• Message number: 010

• Message text: Start-up date & is in or before closed fiscal year &. Please check.

What causes this issue?

You entered a start-up date of &V1&. This date is in the past.
It is also prior to the last closed fiscal year
&V2&.

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?

This entry is allowed, but you should check whether the start-up
date &V1& is correct. Depreciation simulation can be carried out
for the past, but is usually only meaningful for the current
year and for the future.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AY010 - Start-up date & is in or before closed fiscal year &. Please check. ?

  The SAP error message AY010 indicates that there is an issue with the start-up date of an asset in relation to the fiscal year settings in the system. Specifically, it means that the start-up date of the asset is set to a date that falls within or before a closed fiscal year, which is not allowed in SAP.
  Cause:
  
  Closed Fiscal Year: The asset's start-up date is set to a date that is in a fiscal year that has already been closed. In SAP, once a fiscal year is closed, no further postings can be made to that year.
  Incorrect Date Entry: The date entered for the asset may have been incorrectly set, either by mistake or due to a misunderstanding of the fiscal year settings.
  Configuration Issues: There may be issues with the configuration of the fiscal year variant or the asset accounting settings.
  
  Solution:
  
  
  Change the Start-up Date: 
  
  Review the asset's start-up date and change it to a date that is within the open fiscal year. You can do this by navigating to the asset master record and updating the start-up date.
  
  
  
  Open the Fiscal Year: 
  
  If it is necessary to keep the original start-up date, you may consider reopening the closed fiscal year. However, this is generally not recommended as it can lead to complications in financial reporting and auditing. This should only be done if absolutely necessary and with proper authorization.
  
  
  
  Check Fiscal Year Settings: 
  
  Ensure that the fiscal year variant is correctly configured and that the periods are set up properly. You can check this in the configuration settings for Financial Accounting (FI) and Asset Accounting (AA).
  
  
  
  Consult with Finance Team: 
  
  If you are unsure about the implications of changing the start-up date or reopening a fiscal year, consult with your finance or accounting team for guidance.
  
  
  
  Related Information:
  
  Transaction Codes: You can use transaction codes such as AS02 (Change Asset Master Record) to modify the asset details.
  Fiscal Year Variant: Check the fiscal year variant settings in the configuration (Transaction Code: OB29).
  Asset Accounting Configuration: Review the asset accounting configuration settings to ensure they align with your organization's policies and practices.
  
  Best Practices:
  
  Always ensure that asset start-up dates are set correctly before closing a fiscal year.
  Maintain clear communication with the finance team regarding asset management and fiscal year closures.
  Regularly review and audit asset master records to prevent such issues from arising.
  
  By following these steps, you should be able to resolve the AY010 error and ensure that your asset accounting processes run smoothly.