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

63034 - Overview

• 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.

63034 - Details

• 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