How To Fix AB701 - No chart of depreciation exists for company code &1

SAP Error Message - Details

• Message type: E = Error

• Message class: AB -

• Message number: 701

• Message text: No chart of depreciation exists for company code &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message AB701 - No chart of depreciation exists for company code &1 ?

  The SAP error message AB701 "No chart of depreciation exists for company code &1" typically occurs when you are trying to perform asset accounting transactions in a company code that does not have a chart of depreciation assigned to it. This can happen during various processes, such as asset creation, posting, or reporting.
  Cause:
  
  Missing Chart of Depreciation: The primary cause of this error is that the company code specified does not have a chart of depreciation assigned in the system.
  Configuration Issues: The chart of depreciation may not have been created or assigned correctly in the configuration settings.
  Incorrect Company Code: The company code being used in the transaction may be incorrect or not properly set up in the system.
  
  Solution:
  To resolve the AB701 error, follow these steps:
  
  
  Check Company Code Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO (Customizing) ? Financial Accounting (New) ? Asset Accounting ? Integration ? Define Chart of Depreciation.
  Ensure that the chart of depreciation is defined for the company code in question.
  
  
  
  Assign Chart of Depreciation:
  
  If the chart of depreciation is not assigned, you need to assign it to the company code:
  
  Navigate to SPRO ? Financial Accounting (New) ? Asset Accounting ? Integration ? Assign Chart of Depreciation to Company Code.
  Select the appropriate chart of depreciation and assign it to the relevant company code.
  
  
  
  
  
  Create Chart of Depreciation (if necessary):
  
  If there is no chart of depreciation created, you may need to create one:
  
  Navigate to SPRO ? Financial Accounting (New) ? Asset Accounting ? Integration ? Define Chart of Depreciation.
  Create a new chart of depreciation and configure it according to your requirements.
  
  
  
  
  
  Verify Settings:
  
  After making changes, verify that the settings are correct and that the chart of depreciation is properly linked to the company code.
  
  
  
  Test the Transaction:
  
  After making the necessary adjustments, try to perform the transaction again to see if the error persists.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OAYZ (for assigning chart of depreciation) and OAYD (for defining chart of depreciation) to navigate directly to the relevant configuration screens.
  Documentation: Refer to SAP Help documentation for detailed steps on configuring asset accounting and charts of depreciation.
  User Roles: Ensure that you have the necessary authorizations to make changes in the configuration settings.
  
  By following these steps, you should be able to resolve the AB701 error and continue with your asset accounting processes in SAP.