How To Fix AC551 - Company code entries for & are incomplete - See long text

AC551 - Overview

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 551

• Message text: Company code entries for & are incomplete - See long text

What causes this issue?

The result of the check of company code &V1& shows that important
global parameters from Financial Accounting are missing for Asset
Accounting.
One or more of the following fields are affected:
Currency
Chart of accounts
Fiscal year version
Input tax indicator for non-taxable transactions

How to fix this error?

You cannot use the company code for Asset Accounting without this
information.
First complete these entries.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AC551 - Company code entries for & are incomplete - See long text ?

  The SAP error message AC551 indicates that there are incomplete company code entries for a specific asset. This error typically arises when you attempt to perform an action related to asset accounting, such as posting an asset acquisition or transfer, and the system finds that the necessary configuration for the specified company code is missing or incomplete.
  
  Cause:
  The error can occur due to several reasons:
  
  Missing Company Code Configuration: The asset may not have been properly assigned to the company code in the asset master data.
  Incomplete Asset Master Data: Required fields in the asset master data may not be filled out, such as the company code, asset class, or other relevant details.
  Missing Depreciation Areas: The asset may not have the necessary depreciation areas configured for the company code.
  Incorrect Settings in Asset Accounting: There may be issues with the configuration settings in the Asset Accounting module.
  
  
  Solution:
  To resolve the AC551 error, you can follow