How To Fix G00697 - Acquisition to subitem &4 only in current year

SAP Error Message - Details

• Message type: E = Error

• Message class: G00 - SAP Consolidation

• Message number: 697

• Message text: Acquisition to subitem &4 only in current year

What causes this issue?

In the current data record, &V1& is entered as year of acquisition.
However subitem &V4& for subitem category &V3& only allows the entry of
acquisitions for the current fiscal year &V2&.

System Response

The current data record has errors and can not be written.

How to fix this error?

In the Customizing of the subitem, make sure that the setting concerned
is wanted. In this case, check the cause for the incorrect entry of the
acquisition year in the file, and carry out changes correspondingly.

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 G00697 - Acquisition to subitem &4 only in current year ?

  The SAP error message G00697, which states "Acquisition to subitem &4 only in current year," typically occurs in the context of asset accounting when trying to post an acquisition to a sub-item of an asset that is not allowed because the acquisition is being attempted in a fiscal year that is not the current year.
  Cause:
  
  Fiscal Year Restrictions: The error is primarily due to the system's restriction on posting acquisitions to sub-items of fixed assets in any year other than the current fiscal year. This is a standard control in SAP to ensure that asset accounting remains accurate and compliant with accounting principles.
  Sub-item Configuration: The sub-item may have been configured in such a way that it only allows acquisitions in the current fiscal year.
  
  Solution:
  
  Check Fiscal Year: Ensure that you are trying to post the acquisition in the current fiscal year. If you are trying to post in a previous year, you will need to adjust your posting to the current year.
  Review Sub-item Settings: Check the configuration of the sub-item in the asset master record. Ensure that it is set up correctly to allow acquisitions as needed.
  Use Correct Transaction: Make sure you are using the correct transaction code for posting acquisitions. For example, use transaction code ABZON for acquisitions.
  Consult with Finance Team: If you believe that the acquisition should be allowed in a previous year, consult with your finance or accounting team to understand the business rules and whether any adjustments can be made.
  SAP Notes and Documentation: Check SAP Notes for any specific patches or updates related to this error message. Sometimes, there may be known issues or additional configurations required.
  
  Related Information:
  
  Asset Accounting (FI-AA): This error is related to the Asset Accounting module in SAP, which manages fixed assets and their financial transactions.
  Fiscal Year Variant: Understand the fiscal year variant settings in your SAP system, as they dictate how fiscal years are defined and managed.
  Transaction Codes: Familiarize yourself with relevant transaction codes in Asset Accounting, such as:
  
  AS01 - Create Asset
  AS02 - Change Asset
  ABZON - Acquisition of Asset
  
  
  SAP Help Portal: Utilize the SAP Help Portal for detailed documentation on asset accounting and error messages.
  
  If the issue persists after following these steps, it may be beneficial to engage with your SAP support team or a consultant who specializes in SAP Asset Accounting for further assistance.