How To Fix PSM_S4C_FM_MD347 - Validity cannot end on &1; func. area has fixed assets valid from &2 on.

SAP Error Message - Details

• Message type: E = Error

• Message class: PSM_S4C_FM_MD -

• Message number: 347

• Message text: Validity cannot end on &1; func. area has fixed assets valid from &2 on.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message PSM_S4C_FM_MD347 - Validity cannot end on &1; func. area has fixed assets valid from &2 on. ?

  The SAP error message PSM_S4C_FM_MD347 indicates that there is an issue with the validity period of a functional area in relation to fixed assets. Specifically, the error states that the validity cannot end on a certain date because the functional area has fixed assets that are valid from a different date.
  Cause:
  This error typically arises in the context of financial management and asset accounting within SAP. The main causes include:
  
  Mismatch in Validity Dates: The functional area you are trying to modify has fixed assets that are valid from a specific date, and you are attempting to set an end date that conflicts with this validity.
  Incorrect Configuration: The configuration of the functional area or the fixed assets may not align properly, leading to this error.
  Data Entry Error: There may be a simple data entry error where the dates have been incorrectly inputted.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Validity Dates: Review the validity dates of the functional area and the fixed assets associated with it. Ensure that the end date you are trying to set does not conflict with the start date of any fixed assets.
  
  
  Adjust Dates: If necessary, adjust the end date of the functional area to a date that is before the start date of the fixed assets. Alternatively, if the fixed assets need to be valid for a longer period, consider extending their validity.
  
  
  Review Configuration: Check the configuration settings for the functional area and fixed assets in the SAP system. Ensure that they are set up correctly and that there are no discrepancies.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for more detailed guidance on managing functional areas and fixed assets.
  
  
  Seek Help from SAP Support: If the issue persists, consider reaching out to SAP support or your internal SAP team for further assistance.
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as AS01 (Create Asset), AS02 (Change Asset), or S_ALR_87012086 (Asset History Sheet) to review and manage fixed assets.
  Functional Area Configuration: The configuration of functional areas can be found in the SAP IMG (Implementation Guide) under the Financial Accounting (FI) or Public Sector Management (PSM) modules.
  Asset Accounting: Understanding the principles of asset accounting in SAP can help in troubleshooting issues related to fixed assets and their validity periods.
  
  By following these steps, you should be able to identify and resolve the issue causing the error message PSM_S4C_FM_MD347.