Skip to Content

New Asset Accounting - Posting not possible in company code COEF; specify open fiscal year

Dear Team,

I have created new company code with all required configuration. When I am creating Asset from tcode AS01 while saving, I get a error message as

Posting not possible in company code COEF; specify open fiscal year

Procedure

Check and correct the settings for the company code (either with transaction FAA_CMP or with the Company Code Settings tile).

If necessary, create a legacy data transfer segment, and specify the legacy transfer date.

This configuration have done in Demo System as there is not going to be legacy asset transfer and even have tried to make changes in tcode FAA_CMP which doesn't help me.

Can you please help me on same.

Many Thanks

Regards,

Mohammed

Add comment
10|10000 characters needed characters exceeded

  • Follow
  • Get RSS Feed

1 Answer

  • Apr 18 at 11:03 AM

    Hi Mohammed,

    Step 1: Run FAA_CMP as mentioned in the Message Note.

    Step 2: Run AJAB for closing till 31.12.2018 (if you wanted to close till this date)

    Step 3: Check in OAAQ

    Step 4: Run FAGLGVTR --> Balance Carry forward program to open FY 2019

    ---------------------------------------------------------------------------------------------------------------------------------------

    Note: This is the general procedure to be followed and it is only a guideline.

    Before running the steps, check if all other pre-requisite steps are completed and you are ready to run this program. This has to be ensured.

    --------------------------------------------------------------------------------------------------------------------------------------

    After Step 5: Check in table T093C-LGJAHR field is updated with the correct FY value. For example, if you have closed till 31.12.2018, this field should contain value 2019.

    Hope this help!

    Ram

    Add comment
    10|10000 characters needed characters exceeded