How To Fix FAA_MD050 - You cannot change the Balance Sheet field in a future fiscal year

FAA_MD050 - Overview

• Message type: E = Error

• Message class: FAA_MD - Fixed Asset Master

• Message number: 050

• Message text: You cannot change the Balance Sheet field in a future fiscal year

What causes this issue?

You are changing 'Balance Sheet' field &V1& in a future fiscal year.

System Response

In the configuration, some accounting object fields can be marked as
'Balance Sheet' fields. Those and only those fields can trigger
reorganization postings.
You are now adding a new time interval belonging to a future fiscal
year, with a new value in 'Balance Sheet' field &V1&, which is
different from the previous time interval. However, reorganization
documents cannot be posted to a fiscal year which is not yet open.

How to fix this error?

If you want to add a new time interval in a future fiscal year, please
keep the values in all 'Balance Sheet' fields inherited from the
previous time interval.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FAA_MD050 - You cannot change the Balance Sheet field in a future fiscal year ?

  The SAP error message FAA_MD050, which states "You cannot change the Balance Sheet field in a future fiscal year," typically occurs in the context of asset accounting when you attempt to modify the balance sheet indicator for an asset in a fiscal year that is not the current or a past fiscal year. This restriction is in place to maintain the integrity of financial data and ensure that historical records remain unchanged.
  
  Cause:
  
  Future Fiscal Year: The error arises when you try to change the balance sheet field for an asset that is set in a fiscal year that is considered "future" relative to the current date.
  Data Integrity: SAP enforces this rule to prevent any alterations that could affect financial reporting and auditing processes.
  
  
  Solution:
  To resolve this error, you can consider the following approaches:
  
  
  Change in Current or Past Fiscal Year:
  
  Ensure that you are only making changes to the balance sheet field for assets