How To Fix FAA_POST018 - &1 Depreciation area &2: More than two open fiscal years

SAP Error Message - Details

• Message type: E = Error

• Message class: FAA_POST - FIAA Posting Messages (Object-Oriented Kernel)

• Message number: 018

• Message text: &1 Depreciation area &2: More than two open fiscal years

What causes this issue?

The year of the posting (&V3&) differs from the fiscal year currently
open by one or two years in company code &V1&, depreciation area &V2&.
This is <ZH>not</> allowed for posting depreciation areas. With a
difference of two or more fiscal years, the balance carryforward of
values in the current fiscal year are <ZH>no longer</> correct, which
can cause incorrect documents in subsequent postings (such as partial
retirement).

System Response

To avoid data inconsistencies, the posting must be terminated.

How to fix this error?

Postings with integration in Financial Accounting are only allowed in
the current fiscal year or in the year directly before.

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_POST018 - &1 Depreciation area &2: More than two open fiscal years ?

  The SAP error message FAA_POST018 indicates that there are more than two open fiscal years for a specific depreciation area in the Asset Accounting module. This error typically arises when you attempt to post a transaction (like a depreciation run) that is not allowed due to the configuration of the fiscal years.
  Cause:
  
  Open Fiscal Years: The system allows postings only to the current fiscal year and the previous fiscal year. If there are more than two open fiscal years for a depreciation area, the system will prevent any postings to ensure data integrity.
  Configuration Settings: The configuration settings for the asset accounting may have been set to allow more than two open fiscal years, which is not standard practice.
  
  Solution:
  To resolve the FAA_POST018 error, you can take the following steps:
  
  
  Check Open Fiscal Years:
  
  Go to the Asset Accounting configuration and check the open fiscal years for the specific depreciation area.
  You can do this by navigating to the following path in SAP:
  
  Transaction Code: OAYZ (for managing fiscal year settings)
  Review the settings for the relevant company code and depreciation area.
  
  
  
  
  
  Close Unnecessary Fiscal Years:
  
  If there are fiscal years that should not be open, consider closing them. This can be done through the same configuration settings.
  Ensure that all necessary postings for those years have been completed before closing them.
  
  
  
  Adjust Configuration:
  
  If your business process requires more than two open fiscal years, you may need to adjust the configuration settings. However, this is generally not recommended as it can lead to complications in financial reporting and data integrity.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for specific guidance on managing fiscal years in Asset Accounting.
  
  
  
  Check for Transactions:
  
  Ensure that there are no pending transactions that need to be posted for the fiscal years in question.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OAYZ: Manage Fiscal Year Settings
  OABP: Change Asset Master Data
  OABT: Asset Accounting: Periodic Processing
  
  
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or solutions related to this error message.
  User Roles: Ensure that you have the necessary authorizations to make changes to the fiscal year settings.
  
  By following these steps, you should be able to resolve the FAA_POST018 error and proceed with your asset accounting transactions.