How To Fix FAA_MD038 - Capitalization date &1 in ledger &2 is in the future

FAA_MD038 - Overview

• Message type: E = Error

• Message class: FAA_MD - Fixed Asset Master

• Message number: 038

• Message text: Capitalization date &1 in ledger &2 is in the future

What causes this issue?

The capitalization date &V1& is in the future.

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?

If the date has been set during an internal system conversion, check
whether the date should really be in the future. If necessary, correct
it manually.

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_MD038 - Capitalization date &1 in ledger &2 is in the future ?

  The SAP error message FAA_MD038 indicates that there is an issue with the capitalization date of an asset in the Asset Accounting (FI-AA) module. Specifically, the error states that the capitalization date is set in the future, which is not allowed in the context of asset management.
  
  Cause:
  The error occurs when:
  
  The capitalization date for an asset is entered as a date that is later than the current date.
  This can happen during asset creation, transfer, or when posting an acquisition.
  
  
  Solution:
  To resolve the FAA_MD038 error, you can take the following steps:
  
  
  Check the Capitalization Date:
  
  Review the capitalization date entered for the asset. Ensure that it is not set to a future date. The capitalization date should be today or a date in the past.
  
  
  
  Adjust the Date:
  
  If the capitalization date is indeed in the future, change it to a valid date (today or earlier) before proceeding with the transaction.
  
  
  
  Review System Date Settings:
  
  Ensure that the system