AA962 - Capitalization date & not before closed FY &

SAP Error Message - Details

• Message type: E = Error

• Message class: AA - Messages for Asset Accounting

• Message number: 962

• Message text: Capitalization date & not before closed FY &

What causes this issue?

You are creating an asset master record for post capitalization.
The capitalization date &V1& is in an open posting period and not
before fiscal year &V2&.

System Response

You cannot create a post capitalization on the &V1&.

How to fix this error?

Enter a capitalization date which is before the fiscal year &V2&.

Error message extract from SAP system. Copyright SAP SE.

AnswerBot

• What is the cause and solution for SAP error message AA962 - Capitalization date & not before closed FY & ?

  The SAP error message AA962 typically occurs in the Asset Accounting (FI-AA) module when you attempt to capitalize an asset in a fiscal year that has already been closed. This error indicates that the capitalization date you are trying to use falls within a closed fiscal year, which is not allowed in SAP.
  Cause:
  
  Closed Fiscal Year: The capitalization date you are trying to use is in a fiscal year that has already been closed in the system.
  Configuration Settings: The system settings may not allow transactions to be posted in closed periods, which is a standard practice to maintain data integrity.
  
  Solution:
  To resolve the AA962 error, you can consider the following options:
  
  
  Change the Capitalization Date:
  
  If possible, change the capitalization date to a date in an open fiscal year. This is the simplest solution if the asset can be capitalized in a future period.
  
  
  
  Open the Closed Fiscal Year:
  
  If it is necessary to capitalize the asset in the closed fiscal year, you may need to temporarily open the fiscal year. This can be done by:
  
  Navigating to the transaction code OB52 (Change View "Periods": Overview).
  Adjusting the period settings to allow postings in the closed fiscal year.
  
  
  Note: This should be done with caution and typically requires authorization, as it can affect financial reporting.
  
  
  
  Consult with Finance Team:
  
  Discuss with your finance or accounting team to understand the implications of changing the capitalization date or opening a closed fiscal year. They may have specific policies or procedures in place.
  
  
  
  Review Asset Master Data:
  
  Ensure that the asset master data is correctly set up and that there are no discrepancies that could lead to this error.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  AS01: Create Asset
  AS02: Change Asset
  AS03: Display Asset
  OB52: Change View "Periods": Overview
  
  
  Fiscal Year Variant: Understand the fiscal year variant settings in your SAP system, as they dictate how periods are managed.
  SAP Notes: Check for any relevant SAP Notes or documentation that may provide additional insights or updates related to this error message.
  
  Always ensure that any changes made to the system are in compliance with your organization's policies and procedures.