How To Fix 62875 - Assign cost center due to own use of lease-out &

SAP Error Message - Details

• Message type: E = Error

• Message class: 62 - Message Texts for Real Estate

• Message number: 875

• Message text: Assign cost center due to own use of lease-out &

What causes this issue?

The rental agreements belonging to rental units for own use must have a
cost center.

System Response

The rental agreement cannot be activated.

How to fix this error?

Assign a cost center to the rental agreement and then activate the
rental agreement.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 62875 - Assign cost center due to own use of lease-out & ?

  The SAP error message 62875, "Assign cost center due to own use of lease-out," typically occurs in the context of asset accounting and leasing transactions. This error indicates that there is an issue with the assignment of a cost center for an asset that is being leased out, particularly when the asset is being used internally by the organization.
  Cause:
  
  Missing Cost Center Assignment: The asset being leased out may not have a cost center assigned to it, which is required for proper accounting and reporting.
  Incorrect Configuration: The configuration settings in the asset accounting module may not be set up correctly to handle the internal use of leased assets.
  Transaction Type Issues: The transaction type used for the lease-out may not be configured to allow for internal use, leading to the error.
  Master Data Issues: The asset master data may be incomplete or incorrect, particularly in the areas related to cost center assignment.
  
  Solution:
  
  Assign a Cost Center: Ensure that the asset has a valid cost center assigned in the asset master data. You can do this by navigating to the asset master record and updating the cost center field.
  Check Configuration: Review the configuration settings in the Asset Accounting (FI-AA) module to ensure that the settings for lease-out transactions allow for internal use and that cost center assignments are properly defined.
  Review Transaction Types: Check the transaction type used for the lease-out process to ensure it is configured correctly to handle the internal use of assets.
  Update Asset Master Data: If there are any discrepancies in the asset master data, correct them to ensure that all required fields, including cost center, are filled out correctly.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on handling lease-out transactions and cost center assignments.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as AS01 (Create Asset), AS02 (Change Asset), or AS03 (Display Asset) to manage asset master data.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on configuration and setup.
  User Roles and Authorizations: Ensure that the user has the necessary authorizations to make changes to asset master data and configuration settings.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a consultant who specializes in SAP Asset Accounting for further assistance.