How To Fix FAA_ODATA_RUN116 - Depreciation run in later period &1 exists for Company Code &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FAA_ODATA_RUN - OData Services - FIAA Depreciation Run

• Message number: 116

• Message text: Depreciation run in later period &1 exists for Company Code &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FAA_ODATA_RUN116 - Depreciation run in later period &1 exists for Company Code &2 ?

  The SAP error message FAA_ODATA_RUN116 indicates that there is an attempt to execute a depreciation run for a period that has already been processed for a different depreciation run in the specified company code. This typically occurs in the Asset Accounting (FI-AA) module when you try to run depreciation for a period that has already been closed or processed.
  Cause:
  
  Existing Depreciation Run: The primary cause of this error is that a depreciation run has already been executed for the specified period and company code. SAP does not allow multiple depreciation runs for the same period to maintain data integrity.
  Incorrect Period Selection: The user may have selected a period that is not open for processing or has already been closed.
  Configuration Issues: There may be configuration settings that prevent running depreciation in certain periods.
  
  Solution:
  
  
  Check Existing Depreciation Runs:
  
  Go to the transaction code AFAB (Depreciation Run) and check the list of depreciation runs that have been executed for the specified company code and period.
  If a depreciation run has already been executed, you may need to reverse it if it was done in error.
  
  
  
  Adjust Period Selection:
  
  Ensure that you are selecting the correct period for the depreciation run. If the period is closed, you may need to open it again in the configuration settings or choose a different period.
  
  
  
  Review Configuration:
  
  Check the configuration settings in the Asset Accounting module to ensure that the periods are set up correctly and that there are no restrictions on running depreciation for the selected period.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about reversing a depreciation run or changing periods, consult with your finance team or SAP support to ensure compliance with accounting practices.
  
  
  
  Use Transaction Codes:
  
  Use transaction codes like AFAB for running depreciation and S_ALR_87011963 to view the asset history and depreciation runs.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  AFAB: Execute Depreciation Run
  S_ALR_87011963: Asset History Sheet
  S_ALR_87011964: Asset Balances
  
  
  Documentation: Refer to SAP Help documentation for Asset Accounting for detailed information on depreciation runs and period management.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to depreciation runs and error messages.
  
  By following these steps, you should be able to resolve the FAA_ODATA_RUN116 error and successfully execute the depreciation run.