How To Fix AB029 - Missing cost elements

SAP Error Message - Details

• Message type: E = Error

• Message class: AB -

• Message number: 029

• Message text: Missing cost elements

What causes this issue?

You need special cost element accounts for primary cost planning for
depreciation/interest, since it involves simulating the values of
future depreciation posting runs.
However, there are no cost element accounts specified for
depreciation/interest in chart of accounts &V1&, account group &V2&,
depreciation area &V3&.

System Response

Processing is terminated.

How to fix this error?

Create the necessary cost element accounts.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AB029 - Missing cost elements ?

  The SAP error message AB029, which indicates "Missing cost elements," typically occurs in the context of Asset Accounting (FI-AA) when there is an attempt to post an asset transaction, but the system cannot find the necessary cost elements associated with the asset.
  Cause:
  
  
  Missing Cost Elements: The primary cause of this error is that the cost elements required for the asset transaction are not defined in the system. This can happen if:
  
  The cost element has not been created in the system.
  The cost element is not assigned to the appropriate account group.
  The cost element is not linked to the relevant asset class.
  
  
  
  Configuration Issues: There may be configuration issues in the Asset Accounting settings, particularly in the integration between Asset Accounting and Controlling (CO).
  
  
  Incorrect Asset Class: The asset class may not have the necessary cost elements assigned to it, leading to this error when trying to post transactions related to that asset class.
  
  
  Solution:
  
  
  Check Cost Elements: 
  
  Go to the transaction code KA03 (Display Cost Element) to check if the required cost elements exist.
  If they do not exist, create them using transaction code KA01 (Create Cost Element).
  
  
  
  Assign Cost Elements to Asset Class:
  
  Use transaction code OAOA to check the configuration of the asset class.
  Ensure that the necessary cost elements are assigned to the asset class in question.
  
  
  
  Review Configuration:
  
  Check the configuration settings in the Asset Accounting module to ensure that all necessary settings are correctly defined.
  Use transaction code SPRO to access the configuration menu and navigate to the relevant sections for Asset Accounting and Cost Element Accounting.
  
  
  
  Consult Documentation: Review SAP documentation or consult with your SAP support team for specific guidance related to your system configuration.
  
  
  Testing: After making the necessary changes, perform a test transaction to ensure that the error has been resolved.
  
  
  Related Information:
  
  
  Transaction Codes:
  
  KA01: Create Cost Element
  KA03: Display Cost Element
  OAOA: Asset Class Configuration
  SPRO: SAP Reference IMG for configuration
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  
  
  User Roles: Ensure that the user has the necessary authorizations to create or modify cost elements and asset classes.
  
  
  By following these steps, you should be able to resolve the AB029 error and ensure that your asset transactions can be processed without issues.