How To Fix AA692 - The entered fiscal year & is in a closed time period.

AA692 - Overview

• Message type: E = Error

• Message class: AA - Messages for Asset Accounting

• Message number: 692

• Message text: The entered fiscal year & is in a closed time period.

What causes this issue?

In order to carry out the depreciation posting, you have entered the
fiscal year &V1&.
This fiscal year is already closed. You can only carry out a
depreciation posting run in an open fiscal year.

System Response

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

How to fix this error?

Check your input.
If it is nonetheless necessary to carry out a depreciation posting in a
closed fiscal year, you must first re-open fiscal year &V1& using the
relevant Customizing setting.
<ZH>Caution:</>
When you re-open a closed fiscal year, <ZH>all</> functions in this
fiscal year are available again (recalculation of depreciation,
postings, and so on). You have to organize which activities you want to
allow in the fiscal year.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AA692 - The entered fiscal year & is in a closed time period. ?

  The SAP error message AA692 indicates that you are trying to post an asset transaction for a fiscal year that is closed in the system. This typically occurs when you attempt to make a posting (such as an acquisition, transfer, or retirement of an asset) for a fiscal year that has already been closed for financial transactions.
  
  Cause:
  
  Closed Fiscal Year: The fiscal year you are trying to post to has been closed in the system, meaning that no further postings can be made for that year.
  Configuration Settings: The system settings may prevent postings to closed periods to ensure the integrity of financial reporting.
  Incorrect Posting Date: The posting date may have been incorrectly set to a date in a closed fiscal year.
  
  
  Solution:
  
  Check Fiscal Year Status: Verify the status of the fiscal year in question. You can do this by navigating to the relevant configuration settings in SAP (Transaction Code: OB52) to see