How To Fix AC703 - Takeover postings not allowed (company code no longer in status '1')

AC703 - Overview

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 703

• Message text: Takeover postings not allowed (company code no longer in status '1')

What causes this issue?

Takeover postings are only allowed as long as the company code is
in old assets data takeover status.

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?

If necessary, reset the status of the company code.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AC703 - Takeover postings not allowed (company code no longer in status '1') ?

  The SAP error message AC703, which states "Takeover postings not allowed (company code no longer in status '1')," typically occurs in the context of asset accounting when you attempt to perform a takeover posting for an asset in a company code that is not in the correct status for such transactions.
  
  Cause:
  
  Company Code Status: The company code associated with the asset is not in the status '1', which indicates that it is not active for asset accounting. This can happen if the company code has been deactivated or if it has been set to a status that does not allow for asset postings.
  
  Configuration Issues: There may be configuration settings in the asset accounting module that prevent takeover postings for certain company codes.
  Period Closing: The fiscal year or period may be closed, preventing any postings from being made.
  
  
  Solution:
  
  
  Check Company Code Status:
  
  Go to the transaction code OBY6 (or use the menu path: SPRO