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

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message G4724 - Transaction type & is not a retirement transaction or automatic. ?

  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 retirement.
  
  
  
  Use Correct Transaction Type: If you find that the transaction type is incorrect, select the appropriate transaction type for asset retirement. Common transaction types for retirement include:
  
  ABAV: Unplanned depreciation
  ABAA: Manual depreciation
  ABZON: Transfer within the company code
  ABR: Retirement
  
  
  
  Consult Documentation: Review the SAP documentation or help files related to asset accounting to understand the correct usage of transaction types.
  
  
  Check User Authorizations: Ensure that the user has the necessary authorizations to perform the retirement transaction.
  
  
  Consult with SAP Support: If the issue persists after checking the configuration and transaction types, consider reaching out to SAP support for further assistance.
  
  
  Related Information:
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in Asset Accounting, such as:
  
  AS01: Create Asset
  AS02: Change Asset
  AS03: Display Asset
  ABAV: Unplanned Depreciation
  ABAA: Manual Depreciation
  ABZON: Transfer within Company Code
  
  
  
  SAP Notes: Check for any SAP Notes related to this error message for additional insights or patches that may resolve the issue.
  
  
  Training and Documentation: Consider training sessions or documentation on Asset Accounting to better understand the configuration and transaction types.
  
  
  By following these steps, you should be able to resolve the G4724 error and successfully perform the intended asset retirement transaction.