How To Fix AC724 - Check your entry; Acctng principle &1 is not assigned in chart of deprec.

SAP Error Message - Details

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 724

• Message text: Check your entry; Acctng principle &1 is not assigned in chart of deprec.

What causes this issue?

Exactly one chart of depreciation is assigned to your company code.
The accounting principle is &V1& <ZH>not</> used in this chart of
depreciation.

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?

Correct your entry, or check the assigned accounting principles in
Customizing for <LS>Asset Accounting</> under
<DS:SIMG.ORFA_MIT_BEREICH_NEW_DC>Determine Depreciation Areas Posted
Automatically to General Ledger</>.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AC724 - Check your entry; Acctng principle &1 is not assigned in chart of deprec. ?

  The SAP error message AC724 indicates that there is an issue with the accounting principle not being assigned in the chart of depreciation. This error typically occurs when you are trying to post an asset transaction, and the system cannot find the necessary configuration for the accounting principle you are using.
  Cause:
  
  Missing Assignment: The accounting principle specified in the transaction is not assigned to the chart of depreciation you are using.
  Incorrect Configuration: The chart of depreciation may not be properly configured to include the accounting principle.
  Data Entry Error: There may be a typo or incorrect entry in the accounting principle field.
  
  Solution:
  
  
  Check Configuration:
  
  Go to the configuration settings for the chart of depreciation in SAP.
  Navigate to SPRO ? Financial Accounting ? Asset Accounting ? Depreciation ? Define Depreciation Areas.
  Ensure that the accounting principle is assigned to the relevant chart of depreciation.
  
  
  
  Assign Accounting Principle:
  
  If the accounting principle is not assigned, you will need to assign it to the chart of depreciation.
  You can do this by selecting the appropriate chart of depreciation and adding the accounting principle.
  
  
  
  Verify Data Entry:
  
  Double-check the entry for the accounting principle in your transaction to ensure it is correct.
  Make sure that you are using the correct accounting principle that is relevant to the asset you are trying to post.
  
  
  
  Consult Documentation:
  
  If you are unsure about the correct accounting principles or charts of depreciation, refer to your organization's documentation or consult with your SAP administrator.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OADB (for defining depreciation areas) or OAYZ (for assigning accounting principles) to access the relevant configuration settings.
  SAP Notes: Check for any relevant SAP Notes that may provide additional guidance or fixes related to this error.
  User Roles: Ensure that you have the necessary permissions to make changes to the configuration settings in SAP.
  
  By following these steps, you should be able to resolve the AC724 error and successfully post your asset transactions.