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

SAP Error Message - Details

• 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 date settings.
  
  
  Missing or Incorrect Data: There may be missing or incorrect data in the asset master record or related documents that are necessary for determining the value date.
  
  
  Solutions to AC586 Error
  
  
  Check Asset Master Record: Verify that the asset master record has a valid value date. You can do this by navigating to the asset master data and checking the relevant fields.
  
  
  Review Configuration Settings: Ensure that the configuration for asset accounting is set up correctly. This includes checking the settings for value date determination in the configuration.
  
  
  Open Posting Periods: Check if the posting period for the transaction date is open. If it is closed, you may need to open it or adjust the transaction date accordingly.
  
  
  Validate Transaction Type: Ensure that the transaction type being used is appropriate for the asset transaction and that it has the necessary settings for value date determination.
  
  
  Check for Missing Data: Review the transaction and asset data for any missing or incorrect information that could affect the value date determination.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on the error and its resolution.
  
  
  Related Information
  
  
  Transaction Codes: You may use transaction codes like AS03 (Display Asset), OAOA (Asset Accounting Configuration), or OABW (Asset Accounting: Value Date) to investigate and resolve the issue.
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  
  
  Support: If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  By following these steps, you should be able to identify the cause of the AC586 error and implement a solution to resolve it.