How To Fix AC699 - Company code &1: area &2 has to manage group assets

SAP Error Message - Details

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 699

• Message text: Company code &1: area &2 has to manage group assets

What causes this issue?

Company code &V1&: The indicator for managing
<DS:GLOS.group_asset>group assets</> has to be set in depreciation
area &V2&, since assets have already been posted on this group asset.

System Response

The data is not saved.

How to fix this error?

Set the indicator in depreciation area &V2&.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AC699 - Company code &1: area &2 has to manage group assets ?

  The SAP error message AC699 indicates that there is an issue related to the management of group assets in a specific company code and area. This error typically arises in the context of Asset Accounting (FI-AA) when the system expects that a certain area (like a depreciation area) is set up to manage group assets, but it is not configured correctly.
  Cause:
  
  Configuration Issue: The area in question is not set up to manage group assets. This could be due to missing configuration in the Asset Accounting settings.
  Company Code Settings: The company code may not be configured to handle group assets, or the specific area is not assigned to manage group assets.
  Master Data Settings: The asset master data may not be correctly set up to reflect the management of group assets.
  
  Solution:
  
  
  Check Configuration:
  
  Go to the configuration settings for Asset Accounting in the SAP system.
  Navigate to the path: SPRO > Financial Accounting > Asset Accounting > Integration > Define Areas for Asset Accounting.
  Ensure that the area in question is configured to manage group assets.
  
  
  
  Review Company Code Settings:
  
  Check the settings for the specific company code to ensure that it is set up to manage group assets.
  You can do this by navigating to SPRO > Financial Accounting > Asset Accounting > Master Data > Define Company Code Settings.
  
  
  
  Asset Master Data:
  
  Review the asset master data for the asset in question. Ensure that the relevant areas are correctly assigned and configured to manage group assets.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help files for detailed guidance on configuring group asset management.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OAOA (for area settings) and AS01 (to create asset master data) to navigate through the relevant configurations.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on configuration.
  User Roles: Ensure that the user has the necessary authorizations to make changes to asset accounting settings.
  
  If the issue persists after checking the above configurations, it may be beneficial to consult with an SAP FI-AA consultant or reach out to SAP support for further assistance.