How To Fix FAA_POST402 - CoCd &1, fiscal year &2, ledger &3: Not possible to post on fixed assets

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 402

• Message text: CoCd &1, fiscal year &2, ledger &3: Not possible to post on fixed assets

What causes this issue?

Balance carryforward <ZH>not yet</> executed for ledger &V3& in company
code &V1&.

System Response

Postings to fixed assets are <ZH>not</> possible.

How to fix this error?

To make it possible to perform postings on fixed assets for fiscal year
&V2&, you must first execute a balance carryforward.

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_POST402 - CoCd &1, fiscal year &2, ledger &3: Not possible to post on fixed assets ?

  The SAP error message FAA_POST402 indicates that there is an issue with posting to fixed assets in a specific company code (CoCd), fiscal year, and ledger. This error typically arises due to various reasons related to configuration, data integrity, or system settings. Here’s a breakdown of potential causes, solutions, and related information:
  Causes:
  
  Asset Not Fully Capitalized: The asset may not be fully capitalized, meaning that it is still in the acquisition phase or has not been fully processed.
  Posting Period Closed: The posting period for the specified fiscal year may be closed, preventing any further postings.
  Incorrect Ledger Settings: The ledger settings may not allow postings for the specified company code or fiscal year.
  Asset Status: The asset may be in a status that does not allow postings (e.g., retired, blocked).
  Configuration Issues: There may be configuration issues in the Asset Accounting (FI-AA) module that prevent postings.
  Missing Authorizations: The user may lack the necessary authorizations to post to fixed assets.
  
  Solutions:
  
  Check Asset Status: Verify the status of the asset in question. Ensure it is active and not blocked or retired.
  Open Posting Period: Check the posting period settings in the system. If the period is closed, you may need to open it or post in a different period.
  Review Ledger Configuration: Ensure that the ledger settings allow postings for the specified company code and fiscal year. This can be checked in the configuration settings of the Asset Accounting module.
  Asset Capitalization: If the asset is not fully capitalized, complete the necessary steps to capitalize it before attempting to post.
  Authorization Check: Ensure that the user has the necessary authorizations to perform postings in the Asset Accounting module.
  Consult Configuration: If there are configuration issues, consult with your SAP FI-AA consultant to review the settings and make necessary adjustments.
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like AS03 (Display Asset), OAAZ (Change Asset), or OABT (Post Asset Acquisition) to check asset details and perform necessary actions.
  SAP Notes: Check SAP Notes for any known issues or patches related to the error message FAA_POST402.
  Documentation: Refer to SAP documentation for Asset Accounting for detailed information on posting rules and configurations.
  
  If the issue persists after checking the above points, it may be beneficial to engage with your SAP support team or consult SAP's support portal for further assistance.