How To Fix FAA_MD098 - Deactivation date in ldgr &1 must not be earlier than last closed year &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FAA_MD - Fixed Asset Master

• Message number: 098

• Message text: Deactivation date in ldgr &1 must not be earlier than last closed year &2

What causes this issue?

The deactivation date is in a closed fiscal year.
Deactivation is only possible in a fiscal year after &V2&.

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?

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_MD098 - Deactivation date in ldgr &1 must not be earlier than last closed year &2 ?

  The SAP error message FAA_MD098 indicates that there is an issue with the deactivation date of an asset in the Asset Accounting (FI-AA) module. Specifically, the error states that the deactivation date in the ledger (indicated by &1) must not be earlier than the last closed fiscal year (indicated by &2). This typically occurs when you are trying to deactivate an asset that has a deactivation date set before the last closed fiscal year, which is not allowed in SAP.
  Cause:
  
  Deactivation Date: The deactivation date you are trying to enter for the asset is earlier than the last closed fiscal year. For example, if the last closed fiscal year is 2022, you cannot set a deactivation date in 2021 or earlier.
  Closed Periods: The system prevents changes to financial data in closed periods to maintain data integrity and compliance with accounting standards.
  
  Solution:
  
  Check the Deactivation Date: Review the deactivation date you are trying to enter for the asset. Ensure that it is set to a date that is equal to or later than the last closed fiscal year.
  Adjust the Date: If the deactivation date is incorrect, update it to a valid date that complies with the fiscal year restrictions.
  Open the Fiscal Year: If it is necessary to deactivate the asset with a date earlier than the last closed fiscal year, you may need to open the closed fiscal year temporarily. However, this is generally not recommended as it can lead to complications in financial reporting.
  Consult with Finance Team: If you are unsure about the implications of changing the deactivation date or opening a closed fiscal year, consult with your finance or accounting team for guidance.
  
  Related Information:
  
  Asset Accounting (FI-AA): This module in SAP is responsible for managing fixed assets, including acquisition, depreciation, and disposal.
  Fiscal Year Settings: The fiscal year settings in SAP determine how periods are closed and how financial data is managed. Understanding these settings can help prevent similar issues in the future.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as AS02 (Change Asset) and AS03 (Display Asset) to manage asset data effectively.
  
  By ensuring that the deactivation date is set correctly and understanding the implications of fiscal year closures, you can resolve the FAA_MD098 error effectively.