How To Fix AA060 - For insurance area & and year &, no value data exists

SAP Error Message - Details

• Message type: E = Error

• Message class: AA - Messages for Asset Accounting

• Message number: 060

• Message text: For insurance area & and year &, no value data exists

What causes this issue?

A depreciation area must be used to determine the insurable values in
current market value insurance. The value data (ANLCs) for the
depreciation area &V1& is missing for the fiscal year &V2& selected.

System Response

Insurable values cannot be determined.

How to fix this error?

Inform your Systems Specialist.

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AA060 - For insurance area & and year &, no value data exists ?

  The SAP error message AA060 typically indicates that there is no value data available for the specified insurance area and year in the Asset Accounting (FI-AA) module. This error can occur in various scenarios, such as when trying to run reports, execute transactions, or perform calculations related to asset insurance.
  Cause:
  
  Missing Data: The most common cause is that the value data for the specified insurance area and year has not been entered or is missing in the system.
  Incorrect Configuration: The insurance area may not be properly configured in the system, leading to the absence of relevant data.
  Data Deletion: Data might have been deleted or not yet posted for the specified period.
  Period Closure: The financial period may be closed, preventing any new entries or modifications.
  
  Solution:
  
  Check Data Entry: Verify if the value data for the specified insurance area and year has been entered correctly. You can do this by navigating to the relevant asset master records and checking the insurance area settings.
  Review Configuration: Ensure that the insurance area is correctly configured in the system. This includes checking the settings in the Asset Accounting configuration (transaction code OAYZ).
  Post Missing Data: If data is missing, you may need to post the necessary insurance values for the specified year and area. This can be done through the appropriate transaction codes for asset accounting.
  Check Period Status: Ensure that the financial period is open for posting. If the period is closed, you may need to reopen it or post the data in an open period.
  Consult Documentation: Review SAP documentation or help files for any specific instructions related to the error message AA060.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as AS01 (Create Asset), AS02 (Change Asset), and AS03 (Display Asset) to manage asset data.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message. SAP Notes can provide additional insights or solutions.
  User Authorization: Ensure that you have the necessary authorizations to view and modify asset data in the system.
  Consult with SAP Support: If the issue persists, consider reaching out to SAP support for further assistance, especially if it involves complex configurations or customizations.
  
  By following these steps, you should be able to identify the cause of the AA060 error and implement the necessary solutions to resolve it.