How To Fix AC695 - There are no phases for depreciation key &1 in ch.of deprec. &2

SAP Error Message - Details

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 695

• Message text: There are no phases for depreciation key &1 in ch.of deprec. &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message AC695 - There are no phases for depreciation key &1 in ch.of deprec. &2 ?

  The SAP error message AC695 indicates that there are no phases defined for the specified depreciation key in the specified chart of depreciation. This error typically occurs when you attempt to post a transaction related to asset accounting, and the system cannot find the necessary configuration for the depreciation key.
  Cause:
  
  Missing Configuration: The depreciation key specified in the error message does not have any phases defined in the chart of depreciation.
  Incorrect Depreciation Key: The depreciation key being used may not be valid for the chart of depreciation you are working with.
  Customizations: If there have been recent changes or customizations in the asset accounting settings, it may have led to the removal or alteration of the depreciation key phases.
  
  Solution:
  
  
  Check Depreciation Key Configuration:
  
  Go to the transaction code OADB (or navigate through the menu: SPRO > Financial Accounting > Asset Accounting > Depreciation > Define Depreciation Keys).
  Look for the depreciation key mentioned in the error message and check if it has phases defined for the relevant chart of depreciation.
  
  
  
  Define Phases:
  
  If the depreciation key does not have any phases, you will need to define them. You can do this in the same configuration area where you checked the depreciation key.
  Ensure that the phases are set up correctly according to your business requirements.
  
  
  
  Verify Chart of Depreciation:
  
  Ensure that the chart of depreciation you are using is correctly assigned to the company code and that it is active.
  Check if the depreciation key is valid for the specific chart of depreciation.
  
  
  
  Consult Documentation:
  
  If you are unsure about the correct configuration, refer to SAP documentation or consult with your SAP functional consultant for guidance on setting up depreciation keys and phases.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OADB: Configuration for depreciation keys.
  OAYZ: Configuration for charts of depreciation.
  
  
  SAP Notes: Check for any relevant SAP Notes that might address specific issues related to depreciation keys and phases.
  User Roles: Ensure that you have the necessary authorizations to make changes in the asset accounting configuration.
  
  By following these steps, you should be able to resolve the AC695 error and ensure that your asset accounting processes function correctly.