How To Fix FAA_POST016 - Neither transaction nor transaction type exists for asset transaction

FAA_POST016 - Overview

• Message type: E = Error

• Message class: FAA_POST - FIAA Posting Messages (Object-Oriented Kernel)

• Message number: 016

• Message text: Neither transaction nor transaction type exists for asset transaction

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FAA_POST016 - Neither transaction nor transaction type exists for asset transaction ?

  The SAP error message FAA_POST016 ("Neither transaction nor transaction type exists for asset transaction") typically occurs in the Asset Accounting (FI-AA) module when you attempt to post an asset transaction, but the system cannot find a valid transaction type for the operation you are trying to perform. This can happen for various reasons, and here are some common causes, solutions, and related information:
  Causes:
  
  Missing Transaction Type: The transaction type you are trying to use for the asset transaction is not defined in the system.
  Incorrect Configuration: The configuration for the asset transaction types may not be set up correctly in the system.
  Authorization Issues: The user may not have the necessary authorizations to perform the transaction.
  Inactive Transaction Type: The transaction type may be inactive or not assigned to the relevant company code or asset class.
  Incorrect Asset Class: The asset class you are trying to use may not be linked to the transaction type.
  
  Solutions:
  
  
  Check