How To Fix AC559 - Parallel currency depreciation area & is not defined correctly

SAP Error Message - Details

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 559

• Message text: Parallel currency depreciation area & is not defined correctly

What causes this issue?

If you use a depreciation area for parallel currencies, then the
currency is the only thing that can be different from the balance sheet
depreciation area (normally depreciation area 01).
Therefore, a depreciation area for parallel currencies has to take over
identical values and depreciation terms from the master area.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AC559 - Parallel currency depreciation area & is not defined correctly ?

  The SAP error message AC559 indicates that there is an issue with the configuration of a parallel currency depreciation area in the Asset Accounting (FI-AA) module. This error typically arises when the system is unable to find a valid configuration for the specified depreciation area in relation to parallel currencies.
  Cause:
  
  Missing Configuration: The depreciation area for parallel currencies may not be defined correctly in the system. This could mean that the depreciation area is not set up to handle parallel currencies or that the necessary settings are incomplete.
  Incorrect Settings: The settings for the depreciation area may not align with the requirements for parallel currency processing, such as missing currency types or incorrect assignment of currency types to the depreciation area.
  Master Data Issues: The asset master data may not be correctly configured to use the specified depreciation area, leading to inconsistencies.
  
  Solution:
  
  
  Check Depreciation Area Configuration:
  
  Go to the configuration settings for Asset Accounting (Transaction code: OAYZ).
  Verify that the depreciation area in question is correctly defined for parallel currency processing.
  Ensure that the currency types are correctly assigned to the depreciation area.
  
  
  
  Review Currency Settings:
  
  Check the settings for the company code and ensure that the parallel currency is defined and active.
  Ensure that the currency types (e.g., transaction currency, group currency) are correctly set up in the system.
  
  
  
  Asset Master Data:
  
  Review the asset master data for the asset in question (Transaction code: AS02).
  Ensure that the correct depreciation area is assigned to the asset and that it is configured to use parallel currencies.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for detailed guidance on configuring depreciation areas and parallel currencies.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OAYZ: Configuration for Depreciation Areas
  AS02: Change Asset Master Data
  OAYP: Define Depreciation Areas
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to this error message.
  User Roles: Ensure that the user has the necessary authorizations to make changes to the configuration settings.
  
  If the issue persists after following these steps, it may be beneficial to consult with an SAP FI-AA consultant or reach out to SAP support for further assistance.