How To Fix AC478 - Enter a group asset and index series

SAP Error Message - Details

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 478

• Message text: Enter a group asset and index series

What causes this issue?

You tried to enter an index series and a group asset as default values
in the asset class at the same time.
However, in a group asset, it is not possible to have revaluation using
index series at the level of the individual asset.

How to fix this error?

Delete the default value for the group asset, or delete the default
value for the index series (or the default values for several index
series).

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AC478 - Enter a group asset and index series ?

  The SAP error message AC478, which states "Enter a group asset and index series," typically occurs in the Asset Accounting (FI-AA) module when you are trying to create or modify an asset but have not provided the necessary information regarding the group asset and index series.
  Cause:
  
  Missing Group Asset: The system requires a group asset to be specified for certain transactions, especially when dealing with collective processing of assets.
  Missing Index Series: The index series is necessary for the asset's depreciation calculation and must be defined for the asset class.
  Configuration Issues: There may be configuration settings in the asset class that require a group asset and index series to be defined.
  
  Solution:
  To resolve the AC478 error, follow these steps:
  
  
  Check Asset Class Configuration:
  
  Go to the Asset Accounting configuration (Transaction code: OAOA).
  Ensure that the asset class you are working with is configured to require a group asset and index series.
  
  
  
  Enter Group Asset:
  
  When creating or modifying the asset, ensure that you enter a valid group asset in the relevant field.
  The group asset should already exist in the system. You can check existing group assets using transaction code AS03 (Display Asset).
  
  
  
  Enter Index Series:
  
  Make sure to specify the index series for the asset. This can usually be found in the asset master data under the depreciation area settings.
  If you are unsure about the index series, consult with your finance team or refer to the asset accounting documentation.
  
  
  
  Review Asset Master Data:
  
  If you are modifying an existing asset, check the asset master data to ensure that the group asset and index series are correctly filled in.
  
  
  
  Consult Documentation:
  
  If the issue persists, refer to SAP documentation or consult with your SAP support team for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  AS01: Create Asset
  AS02: Change Asset
  AS03: Display Asset
  OAOA: Asset Class Configuration
  
  
  SAP Notes: Check for any relevant SAP Notes that might address specific issues related to this error message.
  User Roles: Ensure that you have the necessary permissions to create or modify assets in the system.
  
  By following these steps, you should be able to resolve the AC478 error and successfully create or modify the asset in SAP.