How To Fix G4724 - Transaction type & is not a retirement transaction or automatic.

G4724 - Overview

• Message type: E = Error

• Message class: G4 - EC-CS Consolidation

• Message number: 724

• Message text: Transaction type & is not a retirement transaction or automatic.

What causes this issue?

The selected transaction type is either not a retirement transaction
type or it's transaction type group is set up to automatically
determine accumulated depreciations.

System Response

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

How to fix this error?

Use a transaction type that
- is a retirement transaction type
AND
- belongs to a transaction type group that has the automatic
determination of accumulated depreciation turned off ( Value = '0' ).

Error message extract from SAP system. Copyright SAP SE.

G4724 - Details

• The SAP error message G4724 indicates that the transaction type you are trying to use is not recognized as a retirement transaction or an automatic transaction. This typically occurs in the context of asset accounting when you are attempting to retire an asset or perform a related transaction.
  
  Cause:
  
  Incorrect Transaction Type: The transaction type you are using may not be configured as a retirement transaction in the system.
  
  Configuration Issues: The transaction type may not be set up correctly in the Asset Accounting configuration.
  User Error: The user may have selected the wrong transaction type for the intended operation.
  
  
  Solution:
  
  
  Check Transaction Type: Verify that the transaction type you are using is indeed meant for asset retirement. You can do this by checking the configuration in the Asset Accounting module.
  
  Go to the configuration path: SPRO > Financial Accounting > Asset Accounting > Transactions > Define Transaction Types.
  Ensure that the transaction type is set up for