How To Fix AA970 - Please maint. asset value date. Line item requires asset value date.

AA970 - Overview

• Message type: E = Error

• Message class: AA - Messages for Asset Accounting

• Message number: 970

• Message text: Please maint. asset value date. Line item requires asset value date.

What causes this issue?

You did not enter an asset value date. Every transaction in Asset
Accounting requires a value date.
You are working with an asset under construction with line item
management, and you entered an incorrect transaction type (such as 100)
for line items from previous fiscal years.

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?

Enter an asset value date. The value date must be between the &V1& and
the &V2.
For line items from previous fiscal years, use transaction type 900
(acquisitions) or 910 (down payments). For these transactions, the
asset value date has to be the beginning of fiscal year &V1&.
If you want to delete the transaction, use the "delete line items"
function.

Error message extract from SAP system. Copyright SAP SE.

AA970 - Details

• The SAP error message AA970 ("Please maintain asset value date. Line item requires asset value date.") typically occurs in the Asset Accounting (FI-AA) module when you are trying to post a transaction related to an asset, but the asset value date is not specified or is missing. This value date is crucial for determining the accounting period in which the asset transaction should be recorded.
  
  Cause:
  
  Missing Value Date: The asset transaction you are trying to post does not have a value date specified.
  Incorrect Configuration: The asset master data may not be configured correctly, leading to missing mandatory fields.
  Transaction Type: The type of transaction you are trying to post may require a value date that has not been provided.
  
  
  Solution:
  
  
  Maintain Asset Value Date:
  
  When posting the transaction, ensure that you enter a valid asset value date in the relevant field.
  If you are using a transaction code (like AB01 for asset posting), make sure to