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

SAP Error Message - Details

• 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 is missing, you will need to create it.
  
  
  
  Verify Asset Master Data:
  
  Check the asset master record to ensure that the reference cycle is correctly assigned. You can do this using transaction code AS03 (Display Asset).
  If the reference cycle is not assigned, you may need to update the asset master record.
  
  
  
  Correct Data Entry:
  
  Double-check the reference cycle code you are entering for any typographical errors. Ensure that it matches the defined reference cycles in the system.
  
  
  
  User Authorizations:
  
  Ensure that the user has the necessary authorizations to access and use the reference cycle. This may involve checking roles and permissions in the user profile.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to asset accounting and reference cycles for additional guidance.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as AS01 (Create Asset), AS02 (Change Asset), and AS03 (Display Asset) for managing asset master records.
  Configuration Path: The configuration for reference cycles can typically be found under the Asset Accounting section in the SAP IMG (Implementation Guide).
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to error GA059.
  
  By following these steps, you should be able to identify and resolve the issue related to the GA059 error message in SAP.