How To Fix 60242 - No asset exists for property

SAP Error Message - Details

• Message type: E = Error

• Message class: 60 - Real Estate

• Message number: 242

• Message text: No asset exists for property

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

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Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

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Smart SAP Assistant

• What is the cause and solution for SAP error message 60242 - No asset exists for property ?

  The SAP error message "60242 No asset exists for property" typically occurs in the context of Asset Accounting (FI-AA) when the system is unable to find an asset associated with a specific property or asset number. This can happen for various reasons, and understanding the cause is essential for resolving the issue.
  Causes:
  
  
  Missing Asset Master Record: The asset number you are trying to access may not exist in the system. This could be due to data entry errors or the asset not being created in the first place.
  
  
  Incorrect Asset Number: The asset number entered may be incorrect or mistyped, leading the system to not find a corresponding asset.
  
  
  Asset Deletion: The asset may have been deleted or archived, making it unavailable for the current transaction.
  
  
  Incorrect Company Code: The asset might exist, but it is not assigned to the company code you are currently working with.
  
  
  Authorization Issues: There may be authorization restrictions preventing you from viewing or accessing the asset.
  
  
  Solutions:
  
  
  Verify Asset Number: Double-check the asset number you are using to ensure it is correct. Look for any typographical errors.
  
  
  Check Asset Master Data: Use transaction codes like AS03 (Display Asset) to check if the asset exists in the system. If it does not, you may need to create it using AS01 (Create Asset).
  
  
  Review Company Code Assignment: Ensure that the asset is assigned to the correct company code. You can check this in the asset master record.
  
  
  Check for Deletion or Archiving: If the asset was deleted or archived, you may need to restore it or create a new asset if it is no longer available.
  
  
  Consult with IT or SAP Support: If you suspect authorization issues or if the problem persists, consult with your IT department or SAP support team for further assistance.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as AS01 (Create Asset), AS02 (Change Asset), AS03 (Display Asset), and AS11 (Display Asset History).
  Documentation: Review SAP documentation or help files related to Asset Accounting for more detailed information on asset management processes.
  User Roles and Authorizations: Ensure that your user role has the necessary permissions to access asset data.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.