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

SAP Error Message - Details

• 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 these steps:
  
  
  Check Asset Master Data:
  
  Go to the Asset Master Data (Transaction Code: AS03) and enter the asset number.
  Verify that the asset is correctly assigned to the relevant company code.
  Ensure that all required fields are filled out correctly.
  
  
  
  Review Company Code Configuration:
  
  Check the configuration for the company code in the Asset Accounting settings (Transaction Code: OAYZ).
  Ensure that the company code is properly set up for asset accounting and that all necessary parameters are configured.
  
  
  
  Verify Depreciation Areas:
  
  Ensure that the asset has the required depreciation areas assigned for the company code.
  You can check this in the asset master data under the depreciation area tab.
  
  
  
  Check for Missing Entries:
  
  If the asset is newly created, ensure that all necessary entries have been made in the asset master data.
  If the asset is being transferred or sold, ensure that the relevant company code entries are complete.
  
  
  
  Consult Long Text:
  
  The error message usually has a long text that provides additional details about what is missing. You can view this by clicking on the long text option in the error message dialog.
  
  
  
  Consult Documentation or Support:
  
  If you are unable to resolve the issue, consult SAP documentation or reach out to your SAP support team for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: AS03 (Display Asset), OAYZ (Configuration for Asset Accounting).
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to this error message.
  Asset Accounting Configuration: Familiarize yourself with the configuration settings in Asset Accounting to ensure compliance with your organization's requirements.
  
  By following these steps, you should be able to identify and resolve the cause of the AC551 error in SAP.