AA523 - Fiscal year chosen does not exist for this fixed asset

SAP Error Message - Details

• Message type: E = Error

• Message class: AA - Messages for Asset Accounting

• Message number: 523

• Message text: Fiscal year chosen does not exist for this fixed asset

What causes this issue?

You have chosen the 'fiscal year -'. This fiscal year does not exist
for this asset.

System Response

The last screen will be shown again.

How to fix this error?

Choose another function.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AA523 - Fiscal year chosen does not exist for this fixed asset ?

  The SAP error message AA523, which states "Fiscal year chosen does not exist for this fixed asset," typically occurs when you are trying to perform an action related to a fixed asset (such as posting a transaction) in a fiscal year that has not been defined for that asset. Here’s a breakdown of the cause, potential solutions, and related information:
  Cause:
  
  Fiscal Year Not Defined: The fiscal year you are trying to use for the fixed asset has not been defined in the asset master data.
  Incorrect Posting Period: The posting period you are trying to use is not open for the specified fiscal year.
  Asset Master Data Issues: The asset master data may not be correctly set up to include the fiscal year you are trying to use.
  
  Solution:
  
  
  Check Asset Master Data:
  
  Go to the asset master record (transaction code AS03) and check the "Depreciation Areas" tab.
  Ensure that the fiscal year you are trying to use is included in the asset's depreciation areas.
  
  
  
  Define Fiscal Year:
  
  If the fiscal year is not defined, you may need to create or adjust the fiscal year settings in the asset accounting configuration.
  Use transaction code OAA3 to define the fiscal year variant for the asset.
  
  
  
  Open Posting Periods:
  
  Check if the posting period for the fiscal year is open. You can do this using transaction code OB52.
  Ensure that the period you are trying to post to is open for the relevant company code and fiscal year.
  
  
  
  Adjust Configuration:
  
  If necessary, adjust the configuration settings for asset accounting to ensure that the fiscal year is properly set up.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for specific configuration steps related to your version of SAP.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  AS03: Display Asset Master Record
  OAA3: Define Fiscal Year Variant
  OB52: Open and Close Posting Periods
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  
  
  User Authorization: Ensure that you have the necessary authorizations to view and modify asset master data and posting periods.
  
  
  By following these steps, you should be able to resolve the AA523 error and successfully perform the desired actions related to the fixed asset. If the issue persists, it may be beneficial to consult with your SAP support team for further assistance.