How To Fix FAA_POST301 - Transfer posting only allowed in the oldest opened fiscal year &1


FAA_POST301 - Overview

  • Message type: E = Error

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

  • Message number: 301

  • Message text: Transfer posting only allowed in the oldest opened fiscal year &1

  • Show details Hide details
  • What causes this issue?

    You have specified a valid-from date for a new interval in the
    time-dependent data. As it is an interval for an account assignment that
    is relevant to the balance sheet, the system had to trigger an automatic
    transfer posting.
    However, the system can<ZH>not</> post to the fiscal year &V2& derived
    from the valid-from date as it is <ZH>not</> the open fiscal year
    furthermost in the past. This is however necessary for the automatic
    transfer posting.
    Example:
    Current fiscal year: YYYY
    Opened fiscal years: YYYY and YYYY-1
    You have entered 01.06.YYYY as the valid-from date for the new interval.
    The system rejects this entry as <ZH>no</> further entries should be
    allowed to take place before the 01.06.YYYY and as such YYYY-1 ought to
    be closed for further postings or closing operations.

    System Response

    To avoid that the fiscal year furthest in the past is closed for
    postings through the new interval and the automatic transfer posting,
    the system prevents you from creating the interval.

    How to fix this error?

    However, if you want to create a new interval, enter a valid-from date
    that is in the open fiscal year (&V1&) furthermost in the past.

    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_POST301 - Transfer posting only allowed in the oldest opened fiscal year &1 ?
    The SAP error message FAA_POST301 indicates that a transfer posting for an asset is being attempted in a fiscal year that is not the oldest opened fiscal year. This error typically occurs in the Asset Accounting (FI-AA) module when trying to post a transaction that is not allowed due to the fiscal year restrictions set in the system.
    
    Cause: Fiscal Year Restrictions: SAP allows postings only in the oldest opened fiscal year to maintain data integrity and ensure that financial statements are accurate. If you attempt to post a transfer in a fiscal year that is not the oldest opened year, you will encounter this error. Closed Fiscal Years: If the fiscal year you are trying to post in has been closed, the system will not allow any postings, including transfer postings.
    Solution: Check Open Fiscal Years: Verify which fiscal years are currently open in your SAP system. You can do this by navigating to

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