Faconvrt Import Error Acquisition Date Is Greater Than the End of the Last Fiscal Year

Receiving an error in the FACONVRT utility when attempting to import in assets:

Acquisition date is greater than the end of the last fiscal year

Fixed/Capital Assets

Attempting to import new assets with an active status

Assets should be imported with a New status, and then posted in the New Assets program

Assets cannot be imported with an active status, because an activation transaction is required for all active assets