How To Fix IAOM047 - Error occurred during creation of settlement rule

IAOM047 - Overview

• Message type: E = Error

• Message class: IAOM - Account Assignment Manager Messages

• Message number: 047

• Message text: Error occurred during creation of settlement rule

What causes this issue?

The settlement rule could not be determined.

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?

Check Customizing.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message IAOM047 - Error occurred during creation of settlement rule ?

  The SAP error message IAOM047, which states "Error occurred during creation of settlement rule," typically occurs in the context of Asset Accounting (FI-AA) when there is an issue with the creation of settlement rules for an asset. This can happen during various processes, such as asset acquisition, transfer, or retirement.
  Causes of IAOM047
  
  
  Missing or Incorrect Configuration: The settlement rules may not be properly configured in the system. This can include missing settings in the asset master data or incorrect configuration in the controlling area.
  
  
  Invalid Asset Master Data: The asset master data may have missing or incorrect information, such as the asset class, which can prevent the system from creating a settlement rule.
  
  
  Inconsistent Data: There may be inconsistencies in the data related to the asset, such as incorrect cost center assignments or missing values in required fields.
  
  
  Authorization Issues: The user may not have the necessary authorizations to create or modify settlement rules.
  
  
  Technical