How To Fix AA711 - Transaction type group & (From transaction type &) not defined

AA711 - Overview

• Message type: E = Error

• Message class: AA - Messages for Asset Accounting

• Message number: 711

• Message text: Transaction type group & (From transaction type &) not defined

What causes this issue?

The transaction type group is not or no longer defined in your System.
There is probably an error in table maintenance.

System Response

This asset will not be processed with this transaction type. Processing
will be continued with the next asset number.

How to fix this error?

Analyse and remove the cause of the error.

Error message extract from SAP system. Copyright SAP SE.

AA711 - Details

• 
  Cause:
  The SAP error message AA711 occurs when the transaction type group is not defined in the system. This error message can also occur when the transaction type is not defined in the transaction type group.
  
  Solution:
  To resolve this error message, you need to define the transaction type group and transaction type in the system. Follow the below steps to define the transaction type group and transaction type:
  
  Go to SPRO (SAP Project Reference Object) transaction code.
  Navigate to Financial Accounting -> Asset Accounting -> Transactions -> Transaction Types -> Define Transaction Type Groups.
  Click on New Entries and enter the required details such as Transaction Type Group, Description, and Chart of Depreciation.
  Save the changes.
  
  Next, define the transaction type by following these steps:
  
  Go to SPRO (SAP Project Reference Object) transaction code.
  Navigate to Financial Accounting -> Asset Accounting -> Transactions -> Transaction Types -> Define Transaction Types.
  Click on New Entries and enter the required details such