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

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message AY021 - Depreciation start in closed year. Should be after &V1& ?

  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 code AS02) and check the depreciation start date. Ensure that it is set to a date in an open fiscal year.
  If necessary, change the depreciation start date to a valid date.
  
  
  
  Open the Fiscal Year:
  
  If you need to process depreciation for the closed year, you can consider reopening the fiscal year. This is generally not recommended as it can affect financial reporting and compliance.
  To reopen a fiscal year, you can use transaction code OB52 to adjust the posting periods. However, this should be done with caution and typically requires authorization.
  
  
  
  Adjust Depreciation Posting:
  
  If the asset is not supposed to have depreciation for the closed year, you may need to adjust the asset's depreciation settings or the posting logic to ensure it only processes depreciation for open years.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about the implications of changing the depreciation start date or reopening a fiscal year, consult with your finance or accounting team to ensure compliance with accounting standards and practices.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  AS02: Change Asset Master Record
  OB52: Change Posting Periods
  
  
  Documentation: Refer to SAP Help documentation for detailed information on asset accounting and fiscal year closing procedures.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to this error message or provide additional guidance.
  
  By following these steps, you should be able to resolve the AY021 error and ensure that your asset depreciation is processed correctly.