3451699 - Reversal not possible; posting date must be in fiscal year

A goods receipt or a supplier invoice has been canceled. The cancellarion document is related to a fixed asset procurement, however the document remains unposted with an error message.

"Reversal not possible; posting date must be in fiscal year YYYY".

SAP Business ByDesign

1. Go to the General Ledger work center.
2. Select the view Source Documents.
3. Search and find the Goods and Services Receipt document.

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

Earlier this particular Item was posted to this Asset but later realized that this is no longer required so a cancellation document was created.

Since this is related to fixed asset acquisition, the reversal/cancelation document shall be posted within the same fiscal year as the original source document.

1. Go to the related Fixed Asset.
2. Select Manual Posting.
3. Select Acquisition.
4. Choose either the Current year or previous year where you want to reduce the value.
5. Select the Credit posting.
6. Enter the value you want to reduce/cancellation.

In the Offsetting Account Assignment section
Account : Select the GL Account

Once the above steps are completed/posted, the unposted Goods and Services Receipts can be marked as irrelevant (there is no other option other than marking as irrelevant).

The Fixed Asset value is now reduced as expected.

Reversal not possible, Posting date, Fiscal Year, Fixed Asset, Goods and Services Receipt , KBA , SRD-FIN-GL , General Ledger , How To