How To Fix AC048 - Company code & not defined for Asset Accounting

SAP Error Message - Details

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 048

• Message text: Company code & not defined for Asset Accounting

What causes this issue?

Company code &V1& is not allowed in Asset Accounting for chart of
depreciation &V2&.

System Response

The entry is not processed.

How to fix this error?

Choose a company code that is assigned to chart of depreciation &V2&.
The entry help shows all company codes that are available for this
chart of depreciation.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AC048 - Company code & not defined for Asset Accounting ?

  The SAP error message AC048 indicates that a specific company code is not defined for Asset Accounting (AA). This error typically arises when you attempt to perform an action related to asset accounting (such as creating or posting an asset) for a company code that has not been properly configured in the system.
  Cause:
  
  Missing Configuration: The company code has not been set up in the Asset Accounting module.
  Incorrect Company Code: The company code you are trying to use may be incorrect or misspelled.
  Inactive Company Code: The company code may be inactive or not properly defined in the system.
  
  Solution:
  To resolve the AC048 error, follow these steps:
  
  
  Check Company Code Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO (Customizing) ? Financial Accounting ? Asset Accounting ? Integration ? Define Company Code for Asset Accounting.
  Ensure that the company code in question is listed and properly configured for Asset Accounting.
  
  
  
  Define Company Code:
  
  If the company code is not defined, you will need to create it. You can do this by:
  
  Going to SPRO ? Enterprise Structure ? Definition ? Financial Accounting ? Define Company.
  Create a new company code and ensure that it is linked to Asset Accounting.
  
  
  
  
  
  Check for Inactive Company Codes:
  
  Ensure that the company code is active. You can check this in the same configuration area where you define the company code.
  
  
  
  Verify User Authorizations:
  
  Ensure that the user has the necessary authorizations to access the company code and perform actions in Asset Accounting.
  
  
  
  Check for Transport Issues:
  
  If the configuration was recently transported from another system, ensure that the transport was successful and that all necessary objects were included.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OAOA (to define company codes for Asset Accounting) and OAYZ (to check the status of company codes).
  Documentation: Refer to SAP Help documentation for Asset Accounting for detailed steps on configuration and troubleshooting.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to the AC048 error.
  
  By following these steps, you should be able to resolve the AC048 error and ensure that the company code is properly configured for Asset Accounting in SAP.