How To Fix 62871 - Correction items exist for previous asset & &

SAP Error Message - Details

• Message type: E = Error

• Message class: 62 - Message Texts for Real Estate

• Message number: 871

• Message text: Correction items exist for previous asset & &

What causes this issue?

You want to change the assignment of real estate objects to assets.
Correction items with a zero balance exist for the previous asset &V1&
&V2&. The link to these correction items will be lost when the
assignment is changed.

System Response

This is only a warning.

How to fix this error?

If a reference to these correction items is still necessary, you must
reenter the old asset assignment or terminate the dialog.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 62871 - Correction items exist for previous asset & & ?

  The SAP error message "62871 Correction items exist for previous asset & &" typically occurs in the context of asset accounting when there are correction items related to an asset that need to be addressed before proceeding with certain transactions, such as asset retirement, transfer, or other adjustments.
  Cause:
  This error indicates that there are correction items (such as adjustments or corrections) that have been posted to the asset in question. These correction items must be resolved or cleared before you can perform further actions on the asset. The presence of these correction items usually means that there are inconsistencies or pending adjustments that need to be addressed.
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check the Asset History:
  
  Use transaction code AW01N (Asset Explorer) to view the asset's history and identify the correction items associated with it.
  Look for any postings that indicate corrections or adjustments.
  
  
  
  Review Correction Items:
  
  Identify the specific correction items that are causing the issue. You may need to check the document flow or the line items related to the asset.
  
  
  
  Clear Correction Items:
  
  Depending on the nature of the correction items, you may need to reverse or adjust them. This can be done using transaction codes like AB08 (Cancel Asset Document) or ABUMN (Transfer Within Company Code).
  Ensure that all necessary adjustments are made to clear the correction items.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about how to handle the correction items, consult with your finance or accounting team. They may have specific procedures in place for handling such situations.
  
  
  
  Retry the Transaction:
  
  Once the correction items have been addressed, try to perform the original transaction again.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  AW01N: Asset Explorer
  AB08: Cancel Asset Document
  ABUMN: Transfer Within Company Code
  ABT1N: Transfer of Assets
  ABZON: Unplanned Depreciation
  
  
  
  Documentation: Refer to SAP Help documentation for Asset Accounting for more detailed information on handling assets and correction items.
  
  
  SAP Notes: Check for any relevant SAP Notes that may provide additional guidance or fixes related to this error message.
  
  
  By following these steps, you should be able to resolve the error and proceed with your asset-related transactions.