How To Fix AA566 - The asset value date entered is not in a closed fiscal year

AA566 - Overview

• Message type: E = Error

• Message class: AA - Messages for Asset Accounting

• Message number: 566

• Message text: The asset value date entered is not in a closed fiscal year

What causes this issue?

You are posting a post-capitalization. An example of when you need this
type of post-capitalization is if you neglected to add expenditures for
the acquisition or assembly of an asset to its APC in a fiscal year that
is now closed.
To be able to correct the excess expenditure that was posted, the
original asset value date entered for the transaction must be in a
closed fiscal year.

System Response

The posting can<ZH>not</> be executed with an original asset value date
that is in an open fiscal year.

How to fix this error?

Post the post-capitalization with a posting date in the (first) open
fiscal year and an original asset value date in a closed fiscal year.
If however the asset value date of the transaction is in an open fiscal
year, you can execute a regular asset acquisition posting instead of a
post-capitalization.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

AA566 - Details

• The SAP error message AA566 indicates that the asset value date you are trying to enter falls within a fiscal year that has not been closed. This typically occurs when you attempt to post an asset transaction (such as an acquisition, transfer, or retirement) with a value date that is earlier than the closing date of the fiscal year in which the asset is recorded.
  
  Cause:
  
  Value Date Issue: The value date you are trying to use for the asset transaction is set to a date in a fiscal year that has not been closed.
  Fiscal Year Closure: The fiscal year for the asset may not be closed in the system, which means that transactions cannot be posted to that year.
  Configuration Settings: The system settings may restrict posting to certain periods or fiscal years.
  
  
  Solution:
  
  Check Fiscal Year Status: Verify the status of the fiscal year in question. You can do this by navigating to