How To Fix GA059 - The reference cycle specified does not exist

GA059 - Overview

• Message type: E = Error

• Message class: GA - Allocations

• Message number: 059

• Message text: The reference cycle specified does not exist

What causes this issue?

Cycle &v1&, starting date &v2&, which you entered as a reference, does
not exist.

System Response

This cycle cannot be copied

How to fix this error?

Choose another cycle to be referenced, or create the cycle without a
reference.
Any values missing from the fields of the reference cycle are taken
automatically from the cycle being created. If the date is missing in
the reference cycle, the SAP System will automatically adopt the date
of the new cycle and search for the reference cycle using this date.
The reference cycle may be defined for another validity period.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GA059 - The reference cycle specified does not exist ?

  The SAP error message GA059, which states "The reference cycle specified does not exist," typically occurs in the context of asset accounting when dealing with asset master records and their associated reference cycles. This error indicates that the system cannot find a specified reference cycle for the asset transaction you are trying to perform.
  Causes:
  
  Missing Reference Cycle: The reference cycle you are trying to use has not been defined in the system.
  Incorrect Configuration: The configuration settings for asset accounting may not be set up correctly, leading to the system not recognizing the reference cycle.
  Data Entry Error: There may be a typographical error in the reference cycle code you are entering.
  Authorization Issues: The user may not have the necessary authorizations to access the reference cycle.
  
  Solutions:
  
  
  Check Reference Cycle Configuration:
  
  Go to the configuration settings in SAP (Transaction code: OAOA) and verify that the reference cycle you are trying to use is defined correctly.
  If it