How To Fix GC699 - Please specify an item set for the receiver field 'Transaction type'

GC699 - Overview

• Message type: E = Error

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

• Message number: 699

• Message text: Please specify an item set for the receiver field 'Transaction type'

What causes this issue?

You need to specify an item set for the receiver field 'Transaction
type'.
Without a restriction to certain items, the additional account
assignment you choose will be applied to all items. The transaction type
from Asset Accounting for the asset items is overwritten by the
additional account assignment.

How to fix this error?

Create an item set.
Please ensure that this set does not contain any items which require a
breakdown by transaction type in the sense of the asset transaction
type.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GC699 - Please specify an item set for the receiver field 'Transaction type' ?

  The SAP error message GC699, which states "Please specify an item set for the receiver field 'Transaction type'," typically occurs in the context of configuring or processing transactions in SAP, particularly when dealing with financial documents or postings.
  
  Cause:
  This error usually arises when the system expects a specific configuration for the transaction type but cannot find it. The transaction type is essential for determining how the system should process the transaction, including how it should be recorded in the financial statements. The absence of a defined item set for the specified transaction type leads to this error.
  
  Solution:
  To resolve the GC699 error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the configuration settings for the relevant module (e.g., Financial Accounting, Controlling).
  Navigate to the transaction type settings and ensure that an item set is defined for the transaction type in question.
  
  
  
  Define Item Set:
  
  If no item set is defined, you will need to create one.