How To Fix 64418 - Asset class has no real estate indicator

SAP Error Message - Details

• Message type: E = Error

• Message class: 64 - Treasury Management: Securities

• Message number: 418

• Message text: Asset class has no real estate indicator

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message 64418 - Asset class has no real estate indicator ?

  The SAP error message 64418, which states "Asset class has no real estate indicator," typically occurs in the context of asset accounting when you are trying to perform operations related to real estate assets. This error indicates that the asset class you are working with is not configured to handle real estate transactions.
  Cause:
  The primary cause of this error is that the asset class you are using does not have the "Real Estate" indicator set in its configuration. In SAP, asset classes are used to categorize different types of assets, and certain asset classes need to be specifically configured to handle real estate-related transactions.
  Solution:
  To resolve this error, you need to check and update the configuration of the asset class in question. Here are the steps to do this:
  
  
  Access the Asset Class Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to the following path: Accounting -> Financial Accounting -> Asset Accounting -> Master Data -> Asset Class -> Define Asset Class.
  
  
  
  Select the Asset Class:
  
  Find the asset class that is causing the error. You can search for it using the asset class code or description.
  
  
  
  Check the Real Estate Indicator:
  
  In the asset class configuration screen, look for a field labeled "Real Estate Indicator" or similar.
  Ensure that this indicator is set appropriately. If it is not set, you will need to enable it.
  
  
  
  Save Changes:
  
  After making the necessary changes, save the configuration.
  
  
  
  Test the Transaction Again:
  
  After updating the asset class, try to perform the transaction again that previously resulted in the error.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OAOA (for asset class configuration) to access the relevant settings directly.
  Documentation: Refer to SAP documentation or help files for more detailed information on asset class configuration and the implications of enabling the real estate indicator.
  Consult with SAP Basis or Functional Team: If you do not have the necessary permissions to change the asset class configuration, you may need to consult with your SAP Basis or functional team for assistance.
  
  By following these steps, you should be able to resolve the error message 64418 and proceed with your asset accounting tasks.