How To Fix AC362 - Cutoff value key & is not defined

AC362 - Overview

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 362

• Message text: Cutoff value key & is not defined

What causes this issue?

Cutoff value key &V1& that you entered is not defined.

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?

Correct your entry.

Error message extract from SAP system. Copyright SAP SE.

AC362 - Details

• The SAP error message AC362, which states "Cutoff value key & is not defined," typically occurs in the context of Asset Accounting (FI-AA) when the system is unable to find a defined cutoff value key for a specific asset or transaction. This can happen during processes such as asset transfers, retirements, or during the execution of year-end closing activities.
  
  Cause:
  
  Missing Configuration: The cutoff value key has not been defined in the system. This key is necessary for the system to determine how to handle the cutoff values for asset transactions.
  Incorrect Asset Master Data: The asset master record may not have the appropriate cutoff value key assigned.
  Customizing Issues: There may be issues in the customizing settings related to asset accounting that prevent the cutoff value key from being recognized.
  
  
  Solution:
  
  
  Define Cutoff Value Key:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to Financial Accounting (New) > Asset Accounting > Cutoff Values > Define Cutoff