How To Fix AC714 - 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: 714

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

What causes this issue?

Company code &V1&: The <DS:GLOS.group_asset>group asset</> indicator
has to be set in depreciation area &V2&, since at least one asset
(asset &V3&) manages a group asset in this depreciation area.

System Response

The data is not saved.

How to fix this error?

There are two options:
Set the indicator for managing group assets in depreciation area &V2&.
Delete the assignment to a group asset in asset &V3& and in all others
(<DS:TRAN.AS02>Change asset: master record</>). Then you can delete the
indicator for managing group assets 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 AC714 - Company code &1: area &2 has to manage group assets ?

  The SAP error message AC714 indicates that a specific company code and area must manage group assets. This error typically arises in the context of Asset Accounting (FI-AA) when there is an attempt to perform an operation that is not allowed due to the configuration of the asset management settings.
  Cause:
  The error occurs when:
  
  The company code is set up to manage group assets, but the area in question is not configured to handle group assets.
  There may be inconsistencies in the configuration of asset areas, particularly if the asset area is not defined to manage group assets while the company code is.
  
  Solution:
  To resolve the AC714 error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the configuration settings for Asset Accounting in the SAP system.
  Navigate to the path: SPRO > Financial Accounting > Asset Accounting > Integration with General Ledger > Define Asset Areas.
  Ensure that the asset area in question is configured correctly to manage group assets.
  
  
  
  Adjust Asset Area Settings:
  
  If the asset area is not set to manage group assets, you may need to adjust its settings.
  You can do this by selecting the relevant asset area and ensuring that the option to manage group assets is enabled.
  
  
  
  Review Company Code Settings:
  
  Check the settings for the company code to ensure that it is correctly configured to manage group assets.
  This can be done in the same configuration area where you check the asset area settings.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to Asset Accounting and group asset management for additional guidance.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Seek Help:
  
  If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with an SAP expert who specializes in Asset Accounting.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OAOA (for asset area configuration) and OAYZ (for managing group assets) to access the relevant settings.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional insights into configuration best practices.
  Documentation: SAP Help Portal and community forums can provide additional context and user experiences related to this error.
  
  By following these steps, you should be able to resolve the AC714 error and ensure that your asset management configuration is set up correctly.