AA697 - Posting run for future period requested; please check entry

SAP Error Message - Details

• Message type: E = Error

• Message class: AA - Messages for Asset Accounting

• Message number: 697

• Message text: Posting run for future period requested; please check entry

What causes this issue?

There was a check on your entries for the fields <LS>Fiscal Year</> and
<LS>Posting Period</> with the current system date. The result of this
check is that you area requested to execute a posting run for company
code &V1& for a future fiscal period.

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 if your entries in the fields <LS>Company Code</>, <LS>Fiscal Year
</> and <LS>Posting Period</> are correct.

Procedure for System Administrators

INCLUDE AA_MESSAGE_CONTROL OBJECT DOKU ID TX

Error message extract from SAP system. Copyright SAP SE.

AnswerBot

• What is the cause and solution for SAP error message AA697 - Posting run for future period requested; please check entry ?

  The SAP error message AA697 ("Posting run for future period requested; please check entry") typically occurs in the context of Asset Accounting (FI-AA) when you attempt to post an asset transaction (such as depreciation, acquisition, or transfer) for a period that is not yet open in the system. This can happen if the posting date is set to a future date that is beyond the current fiscal period or if the period is closed for posting.
  Cause:
  
  Future Posting Date: The posting date of the transaction is set to a future date that is not allowed based on the current configuration of the fiscal year.
  Closed Period: The period you are trying to post to is closed in the system, meaning that no postings can be made for that period.
  Configuration Settings: The settings in the fiscal year variant may restrict postings to certain periods.
  
  Solution:
  
  Check Posting Date: Verify the posting date of the transaction. Ensure that it is set to a date that falls within an open period.
  Open Periods: Check the configuration of the fiscal year variant to see which periods are open for posting. You can do this by navigating to:
  
  Transaction Code: OB52
  Here, you can view and modify the open and closed periods for different account types.
  
  
  Adjust Transaction Date: If the posting date is in the future and you need to post it, consider changing the date to a valid open period.
  Consult with Finance Team: If you are unsure about the correct periods or need to make changes to the open/closed periods, consult with your finance or accounting team to ensure compliance with accounting policies.
  
  Related Information:
  
  Transaction Codes: 
  
  OB52: To check and maintain open and closed periods.
  AS01/AS02: To create or change asset master records.
  ABZON: To post asset transactions.
  
  
  Fiscal Year Variant: Understand the fiscal year variant settings in your SAP system, as they dictate the open and closed periods for postings.
  Documentation: Refer to SAP Help documentation for Asset Accounting for more detailed information on posting periods and related configurations.
  
  By following these steps, you should be able to resolve the AA697 error and successfully post your asset transactions.