How To Fix AC705 - Company code & is not defined for Asset Accounting

SAP Error Message - Details

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 705

• Message text: Company code & is not defined for Asset Accounting

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message AC705 - Company code & is not defined for Asset Accounting ?

  The SAP error message AC705 indicates that the specified company code is not defined for Asset Accounting. This error typically occurs when you attempt to perform an operation related to Asset Accounting (like creating or posting an asset) for a company code that has not been properly configured in the system.
  Cause:
  
  Missing Configuration: The company code has not been set up in the Asset Accounting module.
  Incorrect Company Code: The company code entered in the transaction is incorrect or does not exist in the system.
  Inactive Company Code: The company code may exist but is not active for Asset Accounting.
  
  Solution:
  To resolve the AC705 error, follow these steps:
  
  
  Check Company Code Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO (Customizing) ? Financial Accounting ? Asset Accounting ? Integration ? Define Company Code for Asset Accounting.
  Ensure that the company code in question is listed and properly configured for Asset Accounting.
  
  
  
  Activate Asset Accounting:
  
  If the company code is not defined, you will need to create it. You can do this by selecting the company code and ensuring that the relevant settings for Asset Accounting are activated.
  
  
  
  Verify Company Code:
  
  Double-check the company code you are using in your transaction. Make sure it is correctly entered and exists in the system.
  
  
  
  Check for Inactive Company Codes:
  
  If the company code exists but is inactive, you may need to activate it for Asset Accounting.
  
  
  
  Consult Documentation:
  
  If you are unsure about the configuration steps, refer to the SAP documentation or consult with your SAP administrator or functional consultant.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OAOA (to define company code for Asset Accounting) or OAYZ (to check the status of company codes) to assist in your troubleshooting.
  Authorization: Ensure that you have the necessary authorizations to view and modify company code settings in Asset Accounting.
  SAP Notes: Check for any relevant SAP Notes that might address specific issues or provide additional guidance related to this error.
  
  By following these steps, you should be able to resolve the AC705 error and ensure that the company code is properly configured for Asset Accounting in SAP.