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

SAP Error Message - Details

• 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 Issues: There could be underlying technical issues, such as database problems or system errors, that are preventing the creation of the settlement rule.
  
  
  Solutions to IAOM047
  
  
  Check Asset Master Data: Review the asset master data for completeness and correctness. Ensure that all required fields are filled out and that the asset class is valid.
  
  
  Review Configuration Settings: Check the configuration settings for Asset Accounting and settlement rules in the controlling area. Ensure that all necessary settings are in place.
  
  
  Validate Data Consistency: Use transaction codes like AS02 (Change Asset) to check for any inconsistencies in the asset data. Correct any issues found.
  
  
  Authorization Check: Ensure that the user has the necessary authorizations to create or modify settlement rules. This may involve checking roles and permissions in the user profile.
  
  
  Consult Logs and Traces: Check the system logs (transaction SLG1) for any additional error messages or details that can provide more context about the issue.
  
  
  Technical Support: If the issue persists, consider reaching out to your SAP Basis or technical support team to investigate any underlying technical issues.
  
  
  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 data.
  SAP Notes: Search for relevant SAP Notes in the SAP Support Portal that may address known issues related to IAOM047.
  Documentation: Review SAP documentation related to Asset Accounting and settlement rules for best practices and configuration guidelines.
  
  By following these steps, you should be able to identify and resolve the issue causing the IAOM047 error message in SAP.