How To Fix TRQ0060 - Reclassification to Current Portion of Long Term Debt/Asset is used.

SAP Error Message - Details

• Message type: E = Error

• Message class: TRQ0 - Messages for TR Quantity Ledger

• Message number: 060

• Message text: Reclassification to Current Portion of Long Term Debt/Asset is used.

What causes this issue?

For the deal number &v2& in company code &v1& a valuation class transfer
to Current Portion of Long Term Debt/Asset exists. However, this
transfer functionality has some limitations: Amortization and hedge
accounting are not supported. This limitations are violated within
valuation area &v3&.

How to fix this error?

<DS:DE.TPM_FLG_CURRENT_PORTION_HTM>Indentificator of CPLTD</>

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message TRQ0060 - Reclassification to Current Portion of Long Term Debt/Asset is used. ?

  The SAP error message TRQ0060 indicates that there is an issue with the reclassification of long-term debt or assets to their current portions. This typically occurs in the context of financial accounting and asset management when the system is trying to reclassify amounts that are due within the next year from long-term to current liabilities or assets.
  Cause:
  The error can be caused by several factors, including:
  
  Incorrect Configuration: The system may not be properly configured to handle the reclassification of long-term debts or assets.
  Missing Data: Required data for the reclassification process may be missing or incorrectly entered in the system.
  Timing Issues: The reclassification may be attempted at an inappropriate time in the financial period.
  Transaction Type: The transaction type used may not be appropriate for the reclassification process.
  Authorization Issues: The user may not have the necessary permissions to perform the reclassification.
  
  Solution:
  To resolve the TRQ0060 error, you can take the following steps:
  
  
  Check Configuration: Ensure that the configuration settings for asset accounting and financial accounting are correctly set up for reclassification. This includes checking the settings for the relevant account determination and transaction types.
  
  
  Review Data: Verify that all necessary data is present and correctly entered. This includes checking the asset master data, financial documents, and any related entries.
  
  
  Timing: Ensure that the reclassification is being performed within the correct financial period. If the period is closed or if the reclassification is being attempted too early, it may lead to this error.
  
  
  Transaction Type: Confirm that the correct transaction type is being used for the reclassification. You may need to consult with your SAP functional consultant to ensure that the right transaction codes are being utilized.
  
  
  User Authorization: Check if the user has the necessary authorizations to perform the reclassification. If not, you may need to request additional permissions from your SAP security team.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on handling this error message. The SAP Notes and Knowledge Base Articles may provide additional insights or patches.
  
  
  Testing: If changes are made to configuration or data, conduct tests in a development or quality assurance environment before applying changes to the production system.
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide patches.
  Transaction Codes: Familiarize yourself with transaction codes related to asset accounting (e.g., AS01, AS02, AS03) and financial accounting (e.g., FB50, F-02).
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed.
  
  If the issue persists after following these steps, it may be beneficial to consult with an SAP expert or your internal IT support team for further assistance.