How To Fix AC764 - None or both TTYs should be for retirement of curr-yr acquis. (&1 and &2)

SAP Error Message - Details

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 764

• Message text: None or both TTYs should be for retirement of curr-yr acquis. (&1 and &2)

What causes this issue?

The transaction types for retirement of current-year acquisitions are
inconsistent. Either enter a transaction type for retirement of
current-year acquisitions in both transaction type &V1& and transaction
type &V2&, or do not enter it in either of the two transaction types.
Entering it for only one of the two transaction types is not allowed.

System Response

Check the Customizing settings for transaction types.

How to fix this error?

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AC764 - None or both TTYs should be for retirement of curr-yr acquis. (&1 and &2) ?

  The SAP error message AC764 indicates an issue related to the retirement of assets in the current fiscal year. Specifically, it suggests that there is a problem with the transaction types (TTYs) used for the retirement of the asset. The message states that either none or both of the transaction types should be designated for the retirement of current-year acquisitions.
  Cause:
  The error typically arises in the following scenarios:
  
  Incorrect Configuration: The transaction types for asset retirement may not be properly configured in the system.
  Missing Transaction Type: One of the required transaction types for the retirement process is missing or not assigned correctly.
  Inconsistent Data: There may be inconsistencies in the asset master data or the configuration settings that govern asset retirement.
  
  Solution:
  To resolve the AC764 error, you can take the following steps:
  
  
  Check Transaction Type Configuration:
  
  Go to the configuration settings for asset accounting in SAP.
  Verify that the transaction types for asset retirement are correctly defined and assigned.
  Ensure that the transaction types for current-year acquisitions are set up properly.
  
  
  
  Review Asset Master Data:
  
  Check the asset master data for the asset in question.
  Ensure that the asset is correctly classified and that the relevant transaction types are assigned.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to asset retirement and transaction types to ensure compliance with the required settings.
  
  
  
  Test with Different Scenarios:
  
  If possible, test the retirement process with different assets or transaction types to identify if the issue is isolated to specific cases.
  
  
  
  Seek Help from SAP Support:
  
  If the issue persists after checking the configuration and data, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Types: In SAP, transaction types are used to define how financial transactions are processed. Each transaction type has specific settings that determine how the system handles asset retirements, acquisitions, and other transactions.
  Asset Accounting (FI-AA): This module in SAP is responsible for managing fixed assets, including acquisitions, retirements, and depreciation.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error message or provide additional guidance on configuration.
  
  By following these steps, you should be able to identify and resolve the issue causing the AC764 error message in SAP.