How To Fix ID_FIAA_IN_MC106 - Asset accounting year is not open for Company Code &

SAP Error Message - Details

• Message type: E = Error

• Message class: ID_FIAA_IN_MC -

• Message number: 106

• Message text: Asset accounting year is not open for Company Code &

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message ID_FIAA_IN_MC106 - Asset accounting year is not open for Company Code & ?

  The SAP error message ID_FIAA_IN_MC106 indicates that the asset accounting year is not open for the specified company code. This error typically occurs when you attempt to post transactions related to asset accounting (such as acquisitions, retirements, or adjustments) for a fiscal year that has not been opened in the system.
  Cause:
  
  Fiscal Year Not Opened: The most common cause is that the fiscal year for the company code has not been opened in the Asset Accounting module.
  Incorrect Company Code: The company code specified in the transaction may not be the one that has the fiscal year opened.
  Configuration Issues: There may be configuration issues in the Asset Accounting settings that prevent the fiscal year from being opened.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Fiscal Year Status:
  
  Go to the transaction code OB52 (or use the menu path: Financial Accounting > General Ledger > Periodic Processing > Open and Close Posting Periods).
  Verify that the fiscal year for the relevant company code is open for the period you are trying to post.
  
  
  
  Open the Fiscal Year:
  
  If the fiscal year is not open, you can open it by adjusting the posting periods in the same transaction (OB52). Make sure to set the appropriate periods for the asset accounting.
  
  
  
  Check Company Code Configuration:
  
  Ensure that you are using the correct company code in your transaction. You can verify this in the transaction where the error occurred.
  
  
  
  Review Asset Accounting Configuration:
  
  Check the configuration settings for Asset Accounting in the SPRO (SAP Project Reference Object) under Financial Accounting > Asset Accounting > Periodic Processing > Open and Close Posting Periods.
  
  
  
  Consult with Your SAP Administrator:
  
  If you do not have the necessary authorizations to change the posting periods, consult with your SAP administrator or finance team to make the required changes.
  
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  OB52: Open and Close Posting Periods
  AS01: Create Asset
  AS02: Change Asset
  AS03: Display Asset
  
  
  
  Documentation: Refer to SAP Help documentation for Asset Accounting for detailed information on managing fiscal years and posting periods.
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues or provide additional guidance related to this error message.
  
  
  By following these steps, you should be able to resolve the error and successfully post your asset accounting transactions.