How To Fix J+066 - Asset/liability indicator & not appropriate for loans

SAP Error Message - Details

• Message type: E = Error

• Message class: J+ -

• Message number: 066

• Message text: Asset/liability indicator & not appropriate for loans

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message J+066 - Asset/liability indicator & not appropriate for loans ?

  The SAP error message J+066 indicates that there is an issue with the asset/liability indicator for a loan transaction. This error typically arises when the system detects that the asset/liability indicator assigned to a loan is not appropriate for the type of transaction being processed. Here’s a breakdown of the cause, potential solutions, and related information:
  Cause:
  
  Incorrect Asset/Liability Indicator: The asset/liability indicator assigned to the loan may not be suitable for the transaction type. For example, if the indicator is set for an asset but the transaction is a liability, this mismatch will trigger the error.
  Configuration Issues: The configuration settings in the SAP system for asset accounting or financial accounting may not be set up correctly, leading to this error.
  Transaction Type Mismatch: The transaction type being used may not align with the asset/liability indicator defined in the system.
  
  Solution:
  
  
  Check Asset/Liability Indicator:
  
  Navigate to the relevant configuration settings in SAP (Transaction Code: OAOA or OAYB).
  Verify the asset/liability indicator assigned to the loan and ensure it is appropriate for the transaction type.
  If necessary, change the indicator to one that is suitable for loans.
  
  
  
  Review Configuration Settings:
  
  Check the configuration for asset accounting and ensure that the settings for asset/liability indicators are correctly defined.
  Ensure that the indicator is set up to allow for loan transactions.
  
  
  
  Transaction Type Review:
  
  Review the transaction type being used for the loan and ensure it is compatible with the asset/liability indicator.
  If the transaction type is incorrect, consider changing it to one that aligns with the asset/liability indicator.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on asset/liability indicators and their appropriate usage in loan transactions.
  
  
  
  Testing:
  
  After making changes, perform a test transaction to ensure that the error does not reoccur.
  
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error message or provide additional guidance on configuration.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed.
  SAP Help Portal: Utilize the SAP Help Portal for detailed documentation on asset accounting and financial transactions.
  
  If the issue persists after following these steps, it may be beneficial to consult with an SAP expert or your organization's SAP support team for further assistance.