You receive error AA 347 (You cannot post to asset in company code XXXX, fiscal year YYYY) when posting to an asset.
SAP S/4HANA Cloud
Reproducing the Issue
Post to an asset
The fiscal year in question is still closed at AA side.
It is not possible to post value to an asset before the new fiscal year has been opened. To check this you can open App 'Make Company code settings'.
Enter the ledger specific info by the company and check the efild 'Highest F.Year'.
You face error during any asset posting: "You cannot post to asset in company code XXXX, fiscal year 2020"
Checking field Highest F.Year → 2019
Therefore the error message AA347 is justified when trying to do a posting at this stage as the fiscal year change has not been executed yet.
Use balance carryforward to open the next fiscal year.
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