How To Fix AC694 - Maximum amount method & is not defined

SAP Error Message - Details

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 694

• Message text: Maximum amount method & is not defined

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message AC694 - Maximum amount method & is not defined ?

  The SAP error message AC694, which states "Maximum amount method & is not defined," typically occurs in the context of Asset Accounting (FI-AA) when there is an issue with the configuration of the maximum amount method for asset transactions. This error indicates that the system is unable to find a defined maximum amount method for the asset transaction you are trying to process.
  Cause:
  
  Missing Configuration: The maximum amount method has not been defined in the system for the relevant asset class or transaction type.
  Incorrect Settings: The settings for the maximum amount method may be incorrectly configured or not assigned to the asset class.
  Transaction Type Issues: The transaction type being used may not have a corresponding maximum amount method defined.
  
  Solution:
  To resolve the AC694 error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to Financial Accounting (New) > Asset Accounting > Valuation > Define Maximum Amount Methods.
  Ensure that the maximum amount method you are trying to use is defined and properly configured.
  
  
  
  Assign Maximum Amount Method:
  
  If the method is not defined, create a new maximum amount method or modify an existing one.
  Assign the maximum amount method to the relevant asset class or transaction type.
  
  
  
  Review Asset Class Settings:
  
  Check the asset class settings to ensure that the maximum amount method is linked correctly.
  Navigate to Financial Accounting (New) > Asset Accounting > Master Data > Asset Classes and verify the settings.
  
  
  
  Transaction Type Configuration:
  
  Ensure that the transaction type you are using is configured to use the correct maximum amount method.
  You can check this in the same configuration area where you defined the maximum amount methods.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to see if the error persists.
  
  
  
  Related Information:
  
  Documentation: Refer to SAP Help documentation for Asset Accounting for detailed information on configuring maximum amount methods.
  Transaction Codes: You may find it useful to use transaction codes like OAOA (for asset classes) and OAYD (for transaction types) to navigate directly to the relevant configuration areas.
  Support: If the issue persists after checking the configuration, consider reaching out to your SAP support team or consulting SAP Notes for any known issues related to this error.
  
  By following these steps, you should be able to resolve the AC694 error and ensure that your asset transactions can be processed without issues.