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

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message AA703 - Company code is not in the last posting period ?

  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 you are trying to post to is open.
  
  
  
  Open the Posting Period:
  
  If the period is closed and you need to post to it, you can open the period by adjusting the settings in OB52. Make sure to follow your organization's policies regarding period openings.
  
  
  
  Review Configuration:
  
  Check the configuration settings in the Asset Accounting module to ensure that there are no restrictions preventing postings in the desired period.
  
  
  
  User Authorizations:
  
  Ensure that the user attempting to make the posting has the necessary authorizations to post in the specified period.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about opening a closed period, consult with your finance or accounting team to ensure compliance with internal controls and policies.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB52: Change Posting Periods
  AS01: Create Asset
  AS02: Change Asset
  AS03: Display Asset
  
  
  
  Documentation: Refer to SAP Help documentation for Asset Accounting for more detailed information on posting periods and related configurations.
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues or provide additional guidance related to the AA703 error.
  
  
  By following these steps, you should be able to resolve the AA703 error and successfully post your transactions in SAP.