AA975 - Trans. type & can only be used for legacy assets from prev. years

SAP Error Message - Details

• Message type: E = Error

• Message class: AA - Messages for Asset Accounting

• Message number: 975

• Message text: Trans. type & can only be used for legacy assets from prev. years

What causes this issue?

Transaction type &V1& is only allowed for assets with a capitalization
date in a closed fiscal year. Capitalization date &V2& is larger or the
same as the first day of current fiscal year &V3&.
Transaction type &V1& transfers values from the past that are then
displayed as cumulative values as of the beginning of the fiscal year.

System Response

Transaction type &V1& is not allowed.

How to fix this error?

Only use transaction types for the current fiscal year when
transferring your transactions.
You can only use legacy data transfer transaction types to transfer the
cumulative acquisition costs and down payments for the line item
settlement of an asset under construction.

Error message extract from SAP system. Copyright SAP SE.

AnswerBot

• What is the cause and solution for SAP error message AA975 - Trans. type & can only be used for legacy assets from prev. years ?

  The SAP error message AA975 indicates that a specific transaction type is restricted to legacy assets from previous years. This typically occurs in the Asset Accounting (FI-AA) module when trying to post transactions that are not allowed for the current fiscal year or for certain asset types.
  Cause:
  
  Transaction Type Restrictions: The transaction type you are trying to use is configured to only allow postings for legacy assets, which are assets that were carried over from previous fiscal years.
  Fiscal Year Settings: The fiscal year settings in the system may restrict certain transactions to only be applicable to assets that were created or recognized in prior years.
  Asset Class Configuration: The asset class associated with the asset may have specific settings that limit the types of transactions that can be performed.
  
  Solution:
  
  
  Check Transaction Type Configuration:
  
  Go to the configuration settings for the transaction type in the Asset Accounting module (Transaction code: OAOA).
  Verify if the transaction type is indeed set to allow only legacy assets. If necessary, adjust the configuration to allow for current year assets if that aligns with your business processes.
  
  
  
  Review Asset Master Data:
  
  Check the asset master data to ensure that the asset is correctly classified and that it is not mistakenly marked as a legacy asset.
  Ensure that the asset is active and not in a status that would prevent transactions.
  
  
  
  Fiscal Year Settings:
  
  Review the fiscal year settings in the system to ensure that the current year is open for postings and that the transaction type is allowed for the current fiscal year.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or consult with your SAP support team to understand the specific implications of the transaction type and any related restrictions.
  
  
  
  Use Alternative Transaction Types:
  
  If the transaction type is indeed restricted, consider using an alternative transaction type that is permitted for the current year assets.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OAOA (for transaction type configuration) and AS01 (to create asset) to navigate through the Asset Accounting module effectively.
  SAP Notes: Check for any SAP Notes related to this error message for additional insights or patches that may address the issue.
  User Roles and Authorizations: Ensure that the user has the necessary authorizations to perform the transaction in question.
  
  If the issue persists after checking these areas, it may be beneficial to engage with your SAP support team or a consultant who specializes in Asset Accounting for further assistance.