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

AC699 - Overview

• 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.

AC699 - Details

• 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