How To Fix AB029 - Missing cost elements

AB029 - Overview

• 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