How To Fix FAA_CMP110 - Fiscal year &1 is already closed for company code &2 and ledger &3

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 110

• Message text: Fiscal year &1 is already closed for company code &2 and ledger &3

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FAA_CMP110 - Fiscal year &1 is already closed for company code &2 and ledger &3 ?

  The SAP error message FAA_CMP110 indicates that you are trying to post a transaction in a closed fiscal year for a specific company code and ledger. This error typically occurs in the context of Asset Accounting (FI-AA) when you attempt to perform actions such as posting asset transactions, adjustments, or other related activities for a fiscal year that has already been closed.
  Cause:
  
  Closed Fiscal Year: The fiscal year you are trying to post to has been closed in the system, meaning that no further postings can be made to that year.
  Company Code and Ledger: The error specifies the company code and ledger, indicating that the closure applies specifically to that combination.
  Configuration Settings: The settings in the financial accounting configuration may restrict postings to closed periods.
  
  Solution:
  
  
  Check Fiscal Year Status: Verify the status of the fiscal year in question. You can do this by navigating to the relevant configuration settings in SAP:
  
  Use transaction code OB52 to check the open and closed periods for the company code and ledger.
  If the fiscal year is indeed closed, you will need to either open it or post to a different open fiscal year.
  
  
  
  Open the Fiscal Year: If you need to make a posting in the closed fiscal year, you can temporarily open the fiscal year:
  
  Go to transaction code OB52.
  Adjust the period settings to allow postings for the required fiscal year.
  Note: This should be done with caution and typically requires appropriate authorization.
  
  
  
  Post to an Open Year: If possible, consider posting the transaction to the next open fiscal year instead of trying to reopen a closed year.
  
  
  Consult with Finance Team: If you are unsure about the implications of reopening a fiscal year or if it is against company policy, consult with your finance or accounting team for guidance.
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  OB52: Change posting periods for financial accounting.
  AS01/AS02: Create or change asset master records.
  F-90: Asset acquisition with a vendor.
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may provide additional context or solutions for this error message.
  
  
  Documentation: Review SAP documentation related to Asset Accounting and fiscal year-end closing procedures for best practices and compliance.
  
  
  User Authorizations: Ensure that you have the necessary authorizations to make changes to fiscal year settings or to post transactions.
  
  
  By following these steps, you should be able to resolve the FAA_CMP110 error and proceed with your asset accounting tasks.