How To Fix 63034 - No main usage type defined for asset class '&'

SAP Error Message - Details

• Message type: E = Error

• Message class: 63 - Messages for Real Estate Management

• Message number: 034

• Message text: No main usage type defined for asset class '&'

What causes this issue?

You are trying to assign an asset with asset class '&V1&'.
No main usage type is assigned to this asset class.

System Response

You cannot assign this asset.

How to fix this error?

Contact your system administrator
Procedure for the system administrator
Define the assignment between the asset and the main usage type in
Customizing.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 63034 - No main usage type defined for asset class '&' ?

  The SAP error message "63034 No main usage type defined for asset class '&'" typically occurs when you are trying to create or manage an asset in the Asset Accounting (FI-AA) module, and the system cannot find a main usage type defined for the specified asset class. This can prevent you from proceeding with asset transactions.
  Cause:
  
  Missing Configuration: The main usage type for the specified asset class has not been defined in the system. This is often due to incomplete configuration during the setup of the Asset Accounting module.
  Incorrect Asset Class: The asset class you are trying to use may not be correctly set up or may not exist in the system.
  Transport Issues: If the configuration was recently transported from another system, it may not have been fully implemented or may have missing components.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Asset Class Configuration:
  
  Go to the transaction code OAOA (or navigate through the menu: Accounting > Financial Accounting > Asset Accounting > Master Data > Asset Class > Define Asset Class).
  Look for the asset class that is causing the error and check if a main usage type is defined.
  
  
  
  Define Main Usage Type:
  
  If the main usage type is missing, you will need to define it. You can do this in the same configuration area where you checked the asset class.
  Ensure that you assign a valid main usage type that corresponds to the business requirements.
  
  
  
  Check for Transport Issues:
  
  If the configuration was recently transported, verify that all necessary transport requests were successfully imported and that no errors occurred during the transport process.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to Asset Accounting configuration to ensure that all necessary steps have been followed.
  
  
  
  Testing:
  
  After making the necessary changes, test the asset creation or transaction process again to ensure that the error has been resolved.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OAOA: Define Asset Class
  OAYZ: Define Main Usage Type
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  User Roles: Ensure that you have the necessary authorizations to make changes to asset class configurations.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP Basis or FI-AA functional team for further assistance.