How To Fix RECEAA033 - Renewal options exist for asset &1

SAP Error Message - Details

• Message type: E = Error

• Message class: RECEAA - Messages Valuation Asset Integration

• Message number: 033

• Message text: Renewal options exist for asset &1

What causes this issue?

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

System Response

How to fix this error?

Procedure for System Administrators

INCLUDE RECA_CUSTOMIZED_MESSAGE_INFO OBJECT DOKU ID TX

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message RECEAA033 - Renewal options exist for asset &1 ?

  The SAP error message RECEAA033 indicates that there are renewal options available for a specific asset (denoted by &1). This message typically arises in the context of asset management, particularly when dealing with asset retirement or disposal processes.
  Cause:
  The error occurs when you attempt to perform an action (like retiring or disposing of an asset) on an asset that has renewal options available. This means that the asset is not yet eligible for retirement or disposal because there are still options to renew the asset's life or extend its usage.
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Review Asset Details: Check the asset's details in the Asset Accounting module to understand the renewal options that are available. You can do this by navigating to the asset master record.
  
  
  Evaluate Renewal Options: Determine if you want to exercise the renewal options. If you decide to renew the asset, you can proceed with the renewal process as per your organization's policies.
  
  
  Cancel or Modify the Action: If you do not wish to renew the asset and want to proceed with retirement or disposal, you may need to cancel the renewal options first. This can typically be done through the asset master record.
  
  
  Consult Documentation: Refer to your organization's internal documentation or SAP help resources for specific procedures related to asset management and renewal options.
  
  
  Contact Support: If you are unsure about how to proceed or if the issue persists, consider reaching out to your SAP support team or a consultant who specializes in Asset Accounting.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as AS02 (Change Asset), AS03 (Display Asset), and AS01 (Create Asset) to manage asset records effectively.
  Asset Management Configuration: Ensure that your asset management configuration aligns with your organization's policies regarding asset renewals and disposals.
  SAP Notes: Check for any SAP Notes related to this error message in the SAP Support Portal, as there may be specific patches or updates that address this issue.
  
  By following these steps, you should be able to resolve the RECEAA033 error and manage your asset effectively.