How To Fix AA703 - Company code is not in the last posting period

AA703 - Overview

• Message type: E = Error

• Message class: AA - Messages for Asset Accounting

• Message number: 703

• Message text: Company code is not in the last posting period

What causes this issue?

The company code is <ZH>not</> in the last posting period of the fiscal
year.
For company codes that are <ZH>not</> in test mode, the following
applies: The next direct fiscal year in Asset Accounting can only be
opened at any time in the new year or in last period of the old year.

System Response

The asset reconciliation accounts are <ZH>not</> processed in the
company code.

How to fix this error?

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

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

AA703 - Details

• The SAP error message AA703 ("Company code is not in the last posting period") typically occurs in the context of asset accounting when you attempt to post a transaction for a company code that is not open for posting in the current period. This can happen during various activities, such as asset acquisitions, transfers, or retirements.
  
  Cause:
  
  Closed Posting Period: The most common cause is that the posting period for the company code has been closed. This means that no further postings can be made for that period.
  Configuration Settings: The configuration settings in the financial accounting module may restrict postings to certain periods.
  Period Locking: The period may be locked for specific transactions or for specific users.
  
  
  Solution:
  To resolve the AA703 error, you can take the following steps:
  
  
  Check Posting Period:
  
  Go to the transaction code OB52 (Change Posting Periods) to check the status of the posting periods for the relevant company code.
  Ensure that the period