How To Fix AB553 - Transaction type &1 does not exist - asset: &2 &3 &4

SAP Error Message - Details

• Message type: E = Error

• Message class: AB -

• Message number: 553

• Message text: Transaction type &1 does not exist - asset: &2 &3 &4

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message AB553 - Transaction type &1 does not exist - asset: &2 &3 &4 ?

  The SAP error message AB553 indicates that there is an issue with a specific transaction type related to asset accounting. The message typically reads: "Transaction type &1 does not exist - asset: &2 &3 &4." Here’s a breakdown of the components and how to address the issue:
  Cause:
  
  Non-Existent Transaction Type: The transaction type specified in the error message (&1) does not exist in the system. This could be due to a configuration issue or a missing entry in the transaction type table.
  Incorrect Asset Master Data: The asset number (&2) and possibly other parameters (&3, &4) may be linked to a transaction type that is not defined or has been deleted.
  Configuration Issues: The configuration settings for asset accounting may not be properly set up, leading to the system not recognizing the transaction type.
  
  Solution:
  
  
  Check Transaction Type Configuration:
  
  Go to the transaction code OAOA (or SPRO -> Financial Accounting -> Asset Accounting -> Integration -> Define Transaction Types).
  Verify if the transaction type (&1) exists. If it does not, you may need to create it or correct the configuration.
  
  
  
  Review Asset Master Data:
  
  Use transaction code AS03 to display the asset master data for the asset number (&2).
  Check if the asset is correctly assigned to the appropriate transaction type and that all necessary fields are filled out.
  
  
  
  Check for Customizations:
  
  If your organization has custom transaction types, ensure that they are correctly defined and that the necessary configurations are in place.
  
  
  
  Consult Documentation:
  
  Review any documentation or notes related to the specific transaction type and asset accounting processes in your organization.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for further assistance, especially if this is a production issue.
  
  
  
  Related Information:
  
  Transaction Types: In SAP Asset Accounting, transaction types are used to categorize different types of asset transactions (e.g., acquisitions, retirements, transfers).
  Configuration Tables: The relevant configuration tables for transaction types include TABA (Transaction Types for Asset Accounting) and T001 (Company Codes).
  Authorization Issues: Sometimes, authorization issues can also lead to this error. Ensure that the user has the necessary permissions to access the transaction type.
  
  By following these steps, you should be able to identify the cause of the AB553 error and implement a solution to resolve it.