How To Fix FAA_CMP030 - Legacy data transfer date &1 is in a closed fiscal year

SAP Error Message - Details

• Message type: E = Error

• Message class: FAA_CMP - Asset Accounting: Configuration Object Company Code

• Message number: 030

• Message text: Legacy data transfer date &1 is in a closed fiscal year

What causes this issue?

The legacy data transfer date &V1& is before the end of the last closed
fiscal year. This is <ZH>not</> allowed.
In company code &V2&, the last closed fiscal year is &V3&. The last day
of the last closed fiscal year is &V4&.
Background:
With the legacy data transfer date, you define with which status of
posting the legacy data transfer takes place. You also define whether
you want to perform the transfer during the year (with the transfer of
posted transactions and depreciation of the current fiscal year) or at
the end of the year.
For more information, see the field help about the
<DS:DE.DATE_T093C>transfer date</>.

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?

Please enter a legacy data transfer date later than the last day of the
last closed fiscal year (&V4&).

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FAA_CMP030 - Legacy data transfer date &1 is in a closed fiscal year ?

  The SAP error message FAA_CMP030 indicates that there is an issue with the legacy data transfer date being set in a closed fiscal year. This typically occurs when you are trying to transfer asset data (for example, during a migration or data upload) and the date you are using for the transfer falls within a fiscal year that has already been closed in the system.
  Cause:
  
  Closed Fiscal Year: The date specified for the legacy data transfer is within a fiscal year that has been closed, meaning that no further postings can be made for that period.
  Incorrect Date: The date used for the legacy data transfer may have been incorrectly set or not updated to reflect the current open fiscal year.
  
  Solution:
  
  Change the Transfer Date: Update the legacy data transfer date to a date that falls within an open fiscal year. You can check the fiscal year settings in the SAP system to determine which years are currently open.
  Open the Fiscal Year: If it is necessary to use the original date for some reason, you may consider reopening the fiscal year. However, this is generally not recommended as it can lead to complications in financial reporting and auditing.
  Consult with Finance Team: Work with your finance or accounting team to ensure that the correct procedures are followed and that the data transfer aligns with your organization's financial policies.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as AS01 (Create Asset), AS02 (Change Asset), or AS93 (Transfer Legacy Data) depending on your specific needs.
  Fiscal Year Settings: Check the fiscal year variant settings in the configuration (Transaction Code: OB29) to understand which years are open or closed.
  SAP Notes: Look for relevant SAP Notes or documentation that may provide additional context or updates regarding this error message.
  Testing: Before performing any changes in a production environment, it is advisable to test the changes in a development or quality assurance environment to ensure that the issue is resolved without unintended consequences.
  
  By addressing the date issue and ensuring it aligns with the open fiscal year, you should be able to resolve the FAA_CMP030 error and proceed with the legacy data transfer.