How To Fix ACEC_S4094 - The closing frequency of &1 does not exist.

SAP Error Message - Details

• Message type: E = Error

• Message class: ACEC_S4 - Customizing Message for Accrual Engine in S4 Version

• Message number: 094

• Message text: The closing frequency of &1 does not exist.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message ACEC_S4094 - The closing frequency of &1 does not exist. ?

  The SAP error message ACEC_S4094, which states "The closing frequency of &1 does not exist," typically occurs in the context of Asset Accounting (FI-AA) when dealing with asset closing periods or frequencies. This error indicates that the system is unable to find a defined closing frequency for the specified asset or transaction.
  Cause:
  
  Missing Closing Frequency: The closing frequency for the asset or transaction type has not been defined in the system.
  Configuration Issues: There may be a configuration issue in the Asset Accounting settings, particularly in the area of fiscal year variant or closing periods.
  Incorrect Asset Master Data: The asset master data may not be set up correctly, leading to the absence of a closing frequency.
  
  Solution:
  
  
  Define Closing Frequency:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to Financial Accounting (New) > Asset Accounting > Master Data > Define Closing Frequency.
  Ensure that the closing frequency for the relevant asset class or transaction type is defined.
  
  
  
  Check Fiscal Year Variant:
  
  Ensure that the fiscal year variant assigned to the company code is correctly configured.
  Check if the closing periods are properly set up for the fiscal year variant.
  
  
  
  Review Asset Master Data:
  
  Check the asset master data for the asset in question.
  Ensure that all necessary fields are filled out correctly, including the asset class and any relevant parameters.
  
  
  
  Consult Documentation: If the issue persists, refer to SAP documentation or consult with your SAP support team for further assistance.
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OAOA (for asset master data) or OAYZ (for fiscal year variant) to access relevant settings.
  SAP Notes: Check for any SAP Notes related to this error message for additional troubleshooting steps or patches.
  User Authorization: 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 ACEC_S4094 error and ensure that the closing frequency is correctly defined for your assets.