How To Fix AC466 - Trans.type &1: The entered trans.type &2 does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 466

• Message text: Trans.type &1: The entered trans.type &2 does not exist

What causes this issue?

Transaction type &V2& was entered in the transaction type definition
&V1&. Transaction type &V2& does not exist for acquisitions in the same
year or for offsetting postings.

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 a different transaction type in transaction type definition &V1&.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AC466 - Trans.type &1: The entered trans.type &2 does not exist ?

  The SAP error message AC466 indicates that there is an issue with the transaction type being used in the context of Asset Accounting (FI-AA). Specifically, the error message states that the entered transaction type does not exist in the system.
  Cause:
  
  Invalid Transaction Type: The transaction type you are trying to use (denoted as &2 in the error message) is not defined in the system.
  Configuration Issues: The transaction type may not have been configured properly in the Asset Accounting settings.
  Authorization Issues: The user may not have the necessary authorizations to access the specified transaction type.
  Data Entry Error: There may have been a typographical error when entering the transaction type.
  
  Solution:
  
  
  Check Transaction Type: Verify that the transaction type you are trying to use is correctly entered and exists in the system. You can do this by navigating to the configuration settings for Asset Accounting.
  
  Use transaction code OAOA to check the configuration of transaction types.
  
  
  
  Create or Modify Transaction Type: If the transaction type does not exist, you may need to create it or modify an existing one. This can be done in the configuration settings.
  
  Use transaction code OAOA to create or modify transaction types.
  
  
  
  Check Authorizations: Ensure that the user has the necessary authorizations to use the specified transaction type. This can be checked in the user roles and profiles.
  
  
  Consult Documentation: Refer to SAP documentation or help files for more information on the specific transaction types and their configurations.
  
  
  Contact Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with an SAP expert.
  
  
  Related Information:
  
  Transaction Types in Asset Accounting: Transaction types in SAP Asset Accounting define how various transactions (like acquisitions, retirements, transfers, etc.) are processed. Each transaction type has specific settings that determine its behavior.
  Configuration Path: The configuration for transaction types can typically be found under the following path in the SAP menu: 
  
  SPRO > Financial Accounting > Asset Accounting > Integration > Define Transaction Types.
  
  
  SAP Notes: Check for any relevant SAP Notes that might address known issues or provide additional guidance related to transaction types.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution.