How To Fix AA497 - Asset retirement not possible with debit or automatic posting

AA497 - Overview

• Message type: E = Error

• Message class: AA - Messages for Asset Accounting

• Message number: 497

• Message text: Asset retirement not possible with debit or automatic posting

What causes this issue?

You have tried to enter an asset retirement using a debit posting line
or using an automatically created posting line. This is not possible.
You can only enter an asset retirement as a credit-revenue
posting.

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?

Check the field selection control of the current account, and (if
needed) suppress the field for entry for the asset retirement.

Error message extract from SAP system. Copyright SAP SE.

AA497 - Details

• The SAP error message AA497, which states "Asset retirement not possible with debit or automatic posting," typically occurs when you attempt to retire an asset in a way that is not allowed by the system's configuration or the current state of the asset. This error is often related to the asset accounting module in SAP (FI-AA).
  
  Cause:
  
  Automatic Posting Configuration: The system is configured to prevent automatic postings for asset retirements. This can happen if the asset is set up in a way that requires manual intervention for retirement.
  Asset Status: The asset may be in a status that does not allow for retirement, such as being under construction or not fully capitalized.
  Transaction Type: The transaction type used for the asset retirement may not be configured to allow for the type of posting you are attempting.
  Posting Period: The posting period may be closed, preventing any further postings, including asset retirements.
  Debit Posting: The system