AA970 - Please maint. asset value date. Line item requires asset value date.

SAP Error Message - Details

• Message type: E = Error

• Message class: AA - Messages for Asset Accounting

• Message number: 970

• Message text: Please maint. asset value date. Line item requires asset value date.

What causes this issue?

You did not enter an asset value date. Every transaction in Asset
Accounting requires a value date.
You are working with an asset under construction with line item
management, and you entered an incorrect transaction type (such as 100)
for line items from previous fiscal years.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Enter an asset value date. The value date must be between the &V1& and
the &V2.
For line items from previous fiscal years, use transaction type 900
(acquisitions) or 910 (down payments). For these transactions, the
asset value date has to be the beginning of fiscal year &V1&.
If you want to delete the transaction, use the "delete line items"
function.

Error message extract from SAP system. Copyright SAP SE.

AnswerBot

• What is the cause and solution for SAP error message AA970 - Please maint. asset value date. Line item requires asset value date. ?

  The SAP error message AA970 ("Please maintain asset value date. Line item requires asset value date.") typically occurs in the Asset Accounting (FI-AA) module when you are trying to post a transaction related to an asset, but the asset value date is not specified or is missing. This value date is crucial for determining the accounting period in which the asset transaction should be recorded.
  Cause:
  
  Missing Value Date: The asset transaction you are trying to post does not have a value date specified.
  Incorrect Configuration: The asset master data may not be configured correctly, leading to missing mandatory fields.
  Transaction Type: The type of transaction you are trying to post may require a value date that has not been provided.
  
  Solution:
  
  
  Maintain Asset Value Date:
  
  When posting the transaction, ensure that you enter a valid asset value date in the relevant field.
  If you are using a transaction code (like AB01 for asset posting), make sure to fill in the "Value Date" field.
  
  
  
  Check Asset Master Data:
  
  Go to the asset master record (transaction code AS03) and check if all required fields, including the value date, are properly maintained.
  If necessary, update the asset master data to include the required information.
  
  
  
  Review Transaction Type Settings:
  
  Check the configuration for the transaction type you are using to ensure that it is set up to require a value date.
  You can do this in the configuration settings under Asset Accounting.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to Asset Accounting for more detailed information on the requirements for asset transactions.
  
  
  
  Testing:
  
  After making the necessary changes, try posting the transaction again to see if the error persists.
  
  
  
  Related Information:
  
  Transaction Codes: Common transaction codes related to asset accounting include:
  
  AS01: Create Asset
  AS02: Change Asset
  AS03: Display Asset
  AB01: Post Asset Document
  AB02: Change Asset Document
  
  
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional guidance.
  User Roles: Ensure that the user has the necessary permissions to post asset transactions.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant specializing in Asset Accounting.