3437630 - Cancellation Document With Error " Posting date dd.mm.yyyy must be after last retrmt date dd.mm.yyyy of fixed asset -AA".

You make through a supplier invoice, a posting to a fixed asset of type Asset Under Construction.

Later, you reduce or cancel the value of the AUC asset by canceling the original supplier invoice.
On posting the cancellation invoice, there is the error message: "Posting date 31.12.2023 must be after last retrmt date 31.12.2023 of fixed asset -31-0"

SAP Business ByDesign

1. Go to the General Ledger work center.
2. Go to the Closing Cockpit view.
3. Select Source Documents subview.
4. Select the Supplier Invoice XXX (XXX stands for the cancellation invoice and has same posting date as the original invoice).

There is the error message:
Posting date dd.mm.yyyy must be after last retrmt date dd.mm.yyyy of fixed asset -AA.

5. Select Actions > Post Business Transaction.
6. Select Post to Another Period.
7. Enter in the Alternate Posting Date field, a date later from dd.mm.yyyy.
8. Select OK.

Error message: Reversal not possible; posting date must be in fiscal year yyyy.

The error is raised because the system is comparing the value date of the accounting document to the last retirement date, rather than the posting date.

The value date is in fact the posting date of the original document in the chain, hence this cancellation document takes over the posting date of the original document as its value date and this cannot be changed.

As the related fixed asset in the supplier invoice is an Asset Under Construction, the reduction/cancellation posting can be done by directly reducing the acquisition cost of the asset using the Manual Postings functionality.

1. On Asset AA, select Manual Posting > Acquisition.
2. Choose either the Current or Previous year where you want to reduce or cancel the value.
3. Select the Credit posting.
4. In the field Transaction Currency Amount, input the amount by which you want to reduce or cancel the fixed asset.
5. Under Offsetting Account Assignment, fill in the data as per your business requirement.
6. Select Simulate to confirm everything is correct and there is no error.
7. Post the transaction.
8. After successful posting of the transaction, the unposted Supplier Invoice can be marked as irrelevant.

Note: This also applies to an unposted Goods and Service Receipt.

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Supplier invoice, GSR, cancellation, Asset Under Construction. , KBA , SRD-FIN-GL , General Ledger , SRD-FIN-FA , Fixed Assets , Problem