How To Fix AA761 - Fiscal year change in co.code & possible only after year-end closing &

AA761 - Overview

• Message type: E = Error

• Message class: AA - Messages for Asset Accounting

• Message number: 761

• Message text: Fiscal year change in co.code & possible only after year-end closing &

What causes this issue?

The fiscal year change was <ZH>not</> performed for company code &V1& as
more than two fiscal years are open in Asset Accounting.

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?

First carry out a year-end closing for fiscal year &V2& in company code
&V1&.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

AA761 - Details

• The SAP error message AA761 indicates that a fiscal year change in a company code is only possible after the year-end closing has been completed. This error typically arises when you attempt to perform activities related to asset accounting (AA) that require a fiscal year change, but the system detects that the year-end closing process has not been finalized for the specified fiscal year.
  
  Cause:
  
  Year-End Closing Not Completed: The most common cause of this error is that the year-end closing for the previous fiscal year has not been performed. This means that the system is still processing transactions for that fiscal year.
  Incorrect Configuration: There may be issues with the configuration settings in the asset accounting module or the financial accounting module that prevent the fiscal year change.
  Pending Transactions: There may be pending transactions or postings that need to be cleared before the fiscal year can be changed.
  
  
  Solution:
  
  
  Complete Year-End Closing:
  
  Ensure that the