How To Fix AA629 - Enter a transaction type suitable for the values of asset &1&

AA629 - Overview

• Message type: E = Error

• Message class: AA - Messages for Asset Accounting

• Message number: 629

• Message text: Enter a transaction type suitable for the values of asset &1&

INCLUDE 'AA_AFA_ERROR' OBJECT DOKU ID TX LANGUAGE E

What causes this issue?

Either only legacy asset data exists on asset &V1& or it was capitalized
in the current fiscal year.
The system therefore expects that you use a transaction type that refers
to legacy asset data or current-year acquisitions in accordance with the
existing values.

System Response

The posting is rejected.

How to fix this error?

Enter a transaction type that matches the values of the fixed asset.

Error message extract from SAP system. Copyright SAP SE.

AA629 - Details

• The SAP error message AA629 ("Enter a transaction type suitable for the values of asset &1&") typically occurs in the Asset Accounting (FI-AA) module when you are trying to post a transaction related to an asset, but the transaction type you have selected is not compatible with the asset's current status or configuration.
  
  Cause:
  
  Incompatible Transaction Type: The transaction type you are trying to use may not be valid for the asset in question. For example, if the asset is already fully depreciated, certain transaction types (like acquisition) may not be applicable.
  Missing Configuration: The transaction type may not be configured correctly in the system for the asset class or the specific asset.
  Asset Status: The asset may be in a status that does not allow the transaction type you are trying to use (e.g., retired, scrapped).
  Transaction Type Settings: The settings for the transaction type in the configuration may not allow the transaction you