How To Fix AC383 - Consolidation transaction type &V1& is not defined

AC383 - Overview

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 383

• Message text: Consolidation transaction type &V1& is not defined

What causes this issue?

You entered consolidation transaction type &V1& for asset transaction
type &V2&.
This consolidation transaction type is not defined in Customizing for
Consolidation.

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?

Define transaction type &V1& in Consolidation, or correct your entry.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AC383 - Consolidation transaction type &V1& is not defined ?

  The SAP error message AC383 indicates that a consolidation transaction type (specified as &V1&) is not defined in the system. This error typically arises in the context of financial consolidation processes within SAP, particularly when using the SAP Financial Consolidation module or SAP S/4HANA.
  
  Cause:
  
  Missing Configuration: The specified consolidation transaction type has not been defined in the system. This could be due to a lack of setup in the configuration settings for financial consolidation.
  Incorrect Transaction Type: The transaction type being referenced may be incorrect or misspelled in the transaction or report you are trying to execute.
  Transport Issues: If the configuration was recently transported from another system, it may not have been included or activated properly.
  
  
  Solution:
  
  
  Define the Transaction Type:
  
  Go to the configuration settings for financial consolidation in SAP.
  Navigate to the relevant section where consolidation transaction types are defined (usually found under Financial Accounting or Consolidation settings).
  Create a new transaction type if it