How To Fix AY021 - Depreciation start in closed year. Should be after &V1&

AY021 - Overview

• Message type: E = Error

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

• Message number: 021

• Message text: Depreciation start in closed year. Should be after &V1&

What causes this issue?

The depreciation start date &V2& is entered before the &V1&.
The depreciation start date &V2& is in a closed 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?

Check whether this is correct.

Error message extract from SAP system. Copyright SAP SE.

AY021 - Details

• The SAP error message AY021, which states "Depreciation start in closed year. Should be after &V1&," typically occurs when you attempt to post a depreciation run or make a change to an asset that has a depreciation start date in a fiscal year that has already been closed. This means that the system is preventing you from processing depreciation for an asset in a year that is no longer open for financial transactions.
  
  Cause:
  
  Closed Fiscal Year: The depreciation start date of the asset is set in a fiscal year that has been closed in the system.
  Incorrect Asset Master Data: The asset master data may have been incorrectly set up with a depreciation start date that falls in a closed fiscal year.
  Posting Period Settings: The posting periods for the relevant company code may have been closed, preventing any further postings for that period.
  
  
  Solution:
  
  
  Check Asset Master Data:
  
  Go to the asset master record (transaction