How To Fix RE_IT037 - There is a retirement - reversal not possible until after &1

SAP Error Message - Details

• Message type: E = Error

• Message class: RE_IT - Real Estate Input Tax

• Message number: 037

• Message text: There is a retirement - reversal not possible until after &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message RE_IT037 - There is a retirement - reversal not possible until after &1 ?

  The SAP error message RE_IT037 "There is a retirement - reversal not possible until after &1" typically occurs in the context of asset accounting when you attempt to reverse a retirement of an asset before a specified date. This error indicates that the system has restrictions on reversing the retirement transaction until a certain condition is met, usually related to the fiscal year or period in which the retirement was recorded.
  Cause:
  
  Retirement Date: The retirement of the asset was recorded on a specific date, and the system does not allow reversing this transaction until after that date.
  Period Lock: The period in which the retirement occurred may be locked for posting, preventing any reversals.
  Fiscal Year Closing: If the fiscal year has been closed, you cannot reverse transactions that occurred in that year.
  
  Solution:
  
  Check the Retirement Date: Review the date of the retirement transaction. Ensure that you are trying to reverse it after the specified date mentioned in the error message.
  Unlock the Period: If the period is locked, you may need to unlock it in the configuration settings or consult with your financial team to determine if it is appropriate to do so.
  Post in the Correct Period: If the fiscal year is closed, you may need to post the reversal in the next open period or follow your organization's procedures for handling transactions in closed periods.
  Consult Documentation: Review SAP documentation or consult with your SAP support team for specific guidelines on handling asset retirements and reversals.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as AS02 (Change Asset), AS03 (Display Asset), and AB08 (Reverse Asset Retirement).
  Asset Accounting Configuration: Ensure that your asset accounting settings are correctly configured to allow for the necessary transactions.
  User Authorizations: Verify that you have the necessary authorizations to perform asset transactions, including reversals.
  
  If the issue persists after checking these factors, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in asset accounting for further assistance.