How To Fix AC516 - There are no company codes defined yet for chart of depreciation &

SAP Error Message - Details

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 516

• Message text: There are no company codes defined yet for chart of depreciation &

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message AC516 - There are no company codes defined yet for chart of depreciation & ?

  The SAP error message AC516 indicates that there are no company codes defined for the specified chart of depreciation. This typically occurs when you are trying to perform asset accounting transactions or configurations, and the system cannot find any company codes associated with the chart of depreciation you are using.
  Cause:
  
  No Company Code Assignment: The chart of depreciation you are trying to use has not been assigned to any company code.
  Incorrect Configuration: The configuration for the chart of depreciation may not have been completed properly.
  Missing Data: The necessary data for the chart of depreciation or company code may be missing or incorrectly set up.
  
  Solution:
  To resolve the AC516 error, follow these steps:
  
  
  Check Chart of Depreciation Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO ? IMG ? Financial Accounting (New) ? Asset Accounting ? Implementation Guide ? Define Chart of Depreciation.
  Ensure that the chart of depreciation you are using is correctly defined.
  
  
  
  Assign Company Codes to Chart of Depreciation:
  
  In the same configuration area, look for the option to assign company codes to the chart of depreciation.
  Ensure that at least one company code is assigned to the chart of depreciation you are trying to use.
  
  
  
  Check Company Code Settings:
  
  Navigate to SPRO ? IMG ? Financial Accounting (New) ? General Ledger Accounting ? Master Data ? G/L Accounts ? Prepare G/L Account Creation.
  Verify that the company code is set up correctly and is active.
  
  
  
  Review Asset Accounting Settings:
  
  Ensure that the asset accounting settings for the company code are correctly configured.
  Check if the necessary parameters for asset transactions are set up.
  
  
  
  Testing:
  
  After making the necessary changes, try to perform the transaction again to see if the error persists.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OAYZ (for chart of depreciation) and OAOA (for company code assignment) to navigate directly to the relevant configuration areas.
  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.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP Basis or functional team for further investigation.