How To Fix FAA_POST052 - Fiscal year &1 must be closed before the legacy data transfer

FAA_POST052 - Overview

• Message type: E = Error

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

• Message number: 052

• Message text: Fiscal year &1 must be closed before the legacy data transfer

What causes this issue?

You are entering legacy data for an asset as the total values of fiscal
year &v1&.
However, before you can transfer the values, the fiscal year must be
closed in Asset Accounting.

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?

Close fiscal year &V1& in company code &v2& in Asset Accounting and then
repeat the legacy data transfer.

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_POST052 - Fiscal year &1 must be closed before the legacy data transfer ?

  The SAP error message FAA_POST052 indicates that the fiscal year specified (represented by &1) must be closed before you can perform a legacy data transfer in the Asset Accounting (FI-AA) module. This error typically arises when you are trying to post transactions or transfer data related to fixed assets in a fiscal year that has not been closed.
  
  Cause:
  
  Open Fiscal Year: The fiscal year you are trying to work with is still open, meaning that transactions can still be posted to it.
  Legacy Data Transfer: The system requires that all transactions for a fiscal year be finalized before you can transfer legacy data, which includes data from previous systems or periods.
  
  
  Solution:
  To resolve this error, you need to close the fiscal year in question. Here are the steps to do that:
  
  
  Close the Fiscal Year:
  
  Navigate to the transaction code AJAB (for Asset Accounting Year-End Closing).
  Follow the prompts to close the fiscal year. Ensure that