How To Fix FMFG_AA001 - Transaction is neither transfer in nor transfer out

FMFG_AA001 - Overview

• Message type: E = Error

• Message class: FMFG_AA - Additional asset account derivation

• Message number: 001

• Message text: Transaction is neither transfer in nor transfer out

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 FMFG_AA001 - Transaction is neither transfer in nor transfer out ?

  The SAP error message FMFG_AA001 indicates that a transaction is neither classified as a transfer in nor a transfer out in the context of Asset Accounting (FI-AA) within the SAP system. This error typically arises when trying to post a transaction related to fixed assets, and the system cannot determine the nature of the transaction.
  Causes:
  
  Incorrect Transaction Type: The transaction type being used may not be correctly defined in the system for asset transfers.
  
  Configuration Issues: The configuration settings for asset accounting may not be set up correctly, leading to the system not recognizing the transaction as a valid transfer.
  Missing or Incorrect Master Data: The asset master data may be incomplete or incorrectly set up, which can lead to issues when trying to post transactions.
  Posting Period Issues: The posting period may be closed or not open for the transaction type being used.
  
  Solutions:
  
  Check Transaction Type: Verify that the transaction type you are using