How To Fix G5190 - Asset can not be posted in year &.

SAP Error Message - Details

• Message type: E = Error

• Message class: G5 - IS-Oil /Joint Venture/ Material transfer pricing

• Message number: 190

• Message text: Asset can not be posted in year &.

Since the fiscal year &V1& has not been opened yet, asset can not be
posted to it. The last fiscal year opened is &V2&. To post asset in
fiscal year &V1&, a fiscal year change needs to be performed.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message G5190 - Asset can not be posted in year &. ?

  The SAP error message G5190, which states "Asset cannot be posted in year &," typically occurs when there is an attempt to post a transaction related to an asset in a fiscal year that is either closed or not open for posting. This error is common in asset accounting (FI-AA) when the system is configured to restrict postings to certain fiscal years.
  Causes:
  
  Closed Fiscal Year: The fiscal year in which you are trying to post the asset transaction has been closed in the system.
  Posting Periods: The posting period for the asset transaction is not open. This can happen if the period is closed in the controlling area or if the asset accounting periods are not open.
  Configuration Settings: The configuration settings in the asset accounting module may restrict postings to certain years or periods.
  Year-End Closing: If the year-end closing process has been completed, it may prevent any further postings to that year.
  
  Solutions:
  
  
  Open the Fiscal Year: If you need to post to a closed fiscal year, you can open the fiscal year in the configuration settings. This typically requires authorization and should be done with caution.
  
  Navigate to SPRO ? Financial Accounting ? Asset Accounting ? Period-End Closing ? Open and Close Posting Periods.
  Adjust the settings to allow postings for the required fiscal year.
  
  
  
  Check Posting Periods: Ensure that the posting periods for the asset accounting are open.
  
  Go to Transaction Code OB52 to check and modify the posting periods for the relevant company code and fiscal year.
  
  
  
  Review Configuration: Check the configuration settings in the asset accounting module to ensure that there are no restrictions preventing postings to the desired year.
  
  
  Consult with Finance Team: If you are unsure about opening a closed fiscal year or modifying posting periods, consult with your finance team or SAP administrator to ensure compliance with accounting policies.
  
  
  Use Correct Transaction Codes: Ensure that you are using the correct transaction codes for posting asset transactions. For example, use AB01 for asset acquisition.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  AB01: Asset Acquisition
  AB02: Transfer within Company Code
  AB03: Asset Retirement
  
  
  SAP Notes: Check SAP Notes for any specific issues or patches related to this error message.
  Documentation: Review SAP documentation for Asset Accounting to understand the implications of posting in different fiscal years and the related configuration settings.
  
  Conclusion:
  The G5190 error message indicates a restriction on posting to a specific fiscal year. By checking the fiscal year status, posting periods, and configuration settings, you can resolve this issue effectively. Always ensure that any changes made are in line with your organization's accounting policies.