How To Fix AC692 - Company code &1 does not have default values

AC692 - Overview

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 692

• Message text: Company code &1 does not have default values

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message AC692 - Company code &1 does not have default values ?

  The SAP error message AC692 indicates that the specified company code does not have default values set for certain asset accounting parameters. This can occur when you are trying to create or manage asset master records, and the system requires default values that have not been configured for the specified company code.
  
  Cause:
  
  Missing Default Values: The company code in question does not have default values defined for asset accounting. This can include settings related to asset classes, depreciation areas, or other asset-related parameters.
  
  Configuration Issues: The configuration for the asset accounting module may not have been completed for the company code.
  Data Entry Errors: There may be a mistake in the company code entered, leading to the system not finding the expected default values.
  
  
  Solution:
  To resolve the AC692 error, you can follow these steps:
  
  
  Check Company Code Configuration:
  
  Go to the SAP Easy Access screen and navigate to the following path:Accounting -> Financial Accounting -> Asset