How To Fix AC586 - Error occurred while determining asset value date

AC586 - Overview

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 586

• Message text: Error occurred while determining asset value date

What causes this issue?

The asset value date for Asset Accounting transaction '&v1&' should be
determined based on rule '&v2&'. However, for this to happen, the entry
&v3& is also required. This paramter was not supplied to the function
module that determines the asset value date.

How to fix this error?

Check if the rules entered in table TABVO can also be entered using
Customizing (meaning that they are valid rules). If they are valid,
there is probably a program error. In that case, contact your system
administrator.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AC586 - Error occurred while determining asset value date ?

  The SAP error message AC586, which states "Error occurred while determining asset value date," typically occurs during asset accounting processes, particularly when trying to post transactions related to fixed assets. This error can arise due to various reasons, including configuration issues, missing data, or incorrect settings in the asset master records.
  Causes of AC586 Error
  
  
  Missing Value Date: The asset master record may not have a valid value date defined, or the value date may not be set correctly for the transaction being processed.
  
  
  Incorrect Configuration: The configuration settings for asset accounting may not be set up correctly, leading to issues in determining the value date.
  
  
  Posting Period Issues: The posting period may be closed or not open for the transaction date, which can prevent the system from determining the correct value date.
  
  
  Transaction Type Issues: The type of transaction being processed may not be compatible with the current settings or may require specific value