How To Fix GC079 - Amortization rate not specified

SAP Error Message - Details

• Message type: E = Error

• Message class: GC - Error Messages for Consolidation/Extended General Ledger

• Message number: 079

• Message text: Amortization rate not specified

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message GC079 - Amortization rate not specified ?

  The SAP error message GC079, which states "Amortization rate not specified," typically occurs in the context of asset accounting when the system expects an amortization rate to be defined for a particular asset or transaction, but it is missing.
  Cause:
  
  Missing Amortization Rate: The most common cause is that the amortization rate has not been defined for the asset in question. This can happen if the asset was created without specifying the necessary parameters.
  Incorrect Configuration: The configuration settings for the asset class may not have the amortization rate defined.
  Transaction Type: The transaction being processed may require an amortization rate that has not been set up in the system.
  Data Entry Error: There may have been an oversight during data entry, leading to the omission of the amortization rate.
  
  Solution:
  
  
  Define Amortization Rate:
  
  Navigate to the asset master record (transaction code AS02).
  Check the relevant asset and ensure that the amortization rate is specified in the appropriate field.
  If it is missing, enter the correct amortization rate and save the changes.
  
  
  
  Check Asset Class Configuration:
  
  Go to the configuration settings for the asset class (transaction code OAOA).
  Ensure that the amortization settings are correctly defined for the asset class in question.
  
  
  
  Review Transaction Type:
  
  If the error occurs during a specific transaction, check the configuration for that transaction type to ensure it requires an amortization rate and that it is set up correctly.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to asset accounting to understand the requirements for amortization rates.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error does not reoccur.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  AS01: Create Asset Master Record
  AS02: Change Asset Master Record
  AS03: Display Asset Master Record
  OAOA: Asset Class Configuration
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  
  
  User Roles: Ensure that the user has the necessary permissions to make changes to asset master records and configurations.
  
  
  Documentation: Refer to the SAP Asset Accounting documentation for detailed information on amortization and asset management processes.
  
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant specializing in asset accounting.