How To Fix 60761 - Indicate if key date 6/20/1948 in constr.year 1948 is new building

SAP Error Message - Details

• Message type: E = Error

• Message class: 60 - Real Estate

• Message number: 761

• Message text: Indicate if key date 6/20/1948 in constr.year 1948 is new building

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message 60761 - Indicate if key date 6/20/1948 in constr.year 1948 is new building ?

  The SAP error message 60761 typically relates to the configuration of asset accounting, specifically when dealing with the classification of assets in relation to their construction year and key dates. This error indicates that the system requires clarification on whether a specific asset (in this case, with a key date of June 20, 1948, in the construction year 1948) is classified as a "new building."
  Cause:
  The error arises when the system encounters an asset that has a key date and construction year that may not align with the expected parameters for asset classification. In this case, the system is unable to determine if the asset is a new building or not, which is crucial for proper asset accounting and depreciation calculations.
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Asset Master Data: 
  
  Go to the asset master record in SAP and verify the details for the asset in question. Ensure that the construction year and key date are correctly entered.
  
  
  
  Review Asset Class Configuration:
  
  Check the configuration of the asset class to ensure that it is set up to handle new buildings appropriately. This includes reviewing the settings for depreciation, useful life, and any specific parameters related to new buildings.
  
  
  
  Clarify New Building Status:
  
  If the asset is indeed a new building, ensure that it is marked as such in the asset master data. This may involve updating the asset classification or other relevant fields.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to asset accounting to understand the specific requirements for classifying assets as new buildings.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for further assistance. They may provide insights specific to your system configuration or any known issues.
  
  
  
  Related Information:
  
  Asset Accounting (FI-AA): This module in SAP deals with the management of fixed assets, including their acquisition, depreciation, and retirement.
  Depreciation Methods: Different methods of depreciation may apply based on whether an asset is classified as a new building or an existing one.
  Configuration Transactions: Transactions such as OAOA (Asset Classes) and OAYZ (Depreciation Areas) can be useful for reviewing and adjusting asset class settings.
  
  By following these steps, you should be able to resolve the error message and ensure that the asset is correctly classified in the system.