How To Fix AC050 - Area &: Setting "Area for reporting purposes only" indicator not allowed

SAP Error Message - Details

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 050

• Message text: Area &: Setting "Area for reporting purposes only" indicator not allowed

What causes this issue?

Depreciation area &V1& in chart of depreciation &V2& is a derived
depreciation area that posts to the General Ledger. Therefore, you are
not allowed to set the "Area for reporting purposes only" indicator for
the depreciation area.

System Response

The data is not saved.

How to fix this error?

Remove this indicator from depreciation area &V1&.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AC050 - Area &: Setting "Area for reporting purposes only" indicator not allowed ?

  The SAP error message AC050, which states "Area &: Setting 'Area for reporting purposes only' indicator not allowed," typically occurs in the context of Asset Accounting (FI-AA) when you are trying to set an asset area to "reporting purposes only." This setting is not permitted for certain asset areas, particularly if they are involved in actual financial transactions.
  Cause:
  
  Incorrect Configuration: The asset area you are trying to configure may not be allowed to be set as "reporting purposes only." This is often the case for areas that are used for actual postings or transactions.
  Asset Area Type: The asset area might be defined in a way that it is not intended for reporting purposes only, such as areas that are used for depreciation or other financial calculations.
  System Settings: The system settings or configuration for Asset Accounting may not allow certain combinations of asset area settings.
  
  Solution:
  
  
  Review Asset Area Configuration: Check the configuration of the asset area in the Asset Accounting settings. Ensure that the area you are trying to set is indeed intended for reporting purposes only.
  
  Navigate to SPRO ? Financial Accounting ? Asset Accounting ? Integration ? Define Asset Areas.
  Verify the settings for the specific asset area in question.
  
  
  
  Change the Setting: If the asset area is not meant to be a reporting-only area, you may need to change your approach. Instead of trying to set it as "reporting purposes only," consider using it for its intended purpose.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for specific guidelines on asset area configurations and their intended uses.
  
  
  Check for Dependencies: Ensure that there are no dependencies or other configurations that might be affecting the ability to set the area as "reporting purposes only."
  
  
  Contact SAP Support: If you are unable to resolve the issue through configuration changes, consider reaching out to SAP support for further assistance.
  
  
  Related Information:
  
  Asset Accounting (FI-AA): This module deals with the management of fixed assets in SAP, including acquisition, depreciation, and retirement of assets.
  Asset Areas: These are used to define different accounting principles or reporting requirements for assets. Each area can have different settings for depreciation, reporting, and other financial aspects.
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional guidance on asset area configurations.
  
  By following these steps, you should be able to identify the cause of the error and implement a suitable solution.