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

AC048 - Overview

• 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