How To Fix ACC_AA031 - Plan &2, area &1: Set the "For Reporting Purposes Only" indicator

SAP Error Message - Details

• Message type: E = Error

• Message class: ACC_AA - Message Class for Function Group ACC_AA

• Message number: 031

• Message text: Plan &2, area &1: Set the "For Reporting Purposes Only" indicator

What causes this issue?

Depreciation area &V1& in chart of depreciation &V2& is a derived
depreciation area. Different ledger groups are assigned to the base
depreciation areas. In this case the <LS>For Reporting Purposes Only</>
indicator must be set.

System Response

Processing is terminated.

How to fix this error?

Set the <LS>For Reporting Purposes Only</> indicator for the
depreciation area.

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 ACC_AA031 - Plan &2, area &1: Set the "For Reporting Purposes Only" indicator ?

  The SAP error message ACC_AA031 typically occurs in the context of Asset Accounting (FI-AA) when there is an issue related to the configuration of asset master records. This error indicates that a specific asset is not set up correctly for reporting purposes, which can affect financial reporting and asset management processes.
  Cause:
  The error message "Plan &2, area &1: Set the 'For Reporting Purposes Only' indicator" suggests that the asset in question is missing the necessary configuration in the asset master record. Specifically, it means that the asset is not marked as "For Reporting Purposes Only" in the relevant depreciation area, which is required for certain types of assets that should not be included in the regular depreciation calculations but are still needed for reporting.
  Solution:
  To resolve this error, you need to follow these steps:
  
  
  Access the Asset Master Record:
  
  Use transaction code AS02 (Change Asset Master Record) to access the asset that is causing the error.
  
  
  
  Select the Relevant Depreciation Area:
  
  Navigate to the depreciation area that is indicated in the error message (area &1).
  
  
  
  Set the Indicator:
  
  Look for the checkbox or field labeled "For Reporting Purposes Only" (or similar wording) in the depreciation area settings.
  Check this box to indicate that the asset is for reporting purposes only.
  
  
  
  Save Changes:
  
  After making the necessary changes, save the asset master record.
  
  
  
  Re-run the Process:
  
  After saving, re-run the process that triggered the error to ensure that the issue has been resolved.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  AS01: Create Asset Master Record
  AS02: Change Asset Master Record
  AS03: Display Asset Master Record
  
  
  
  Configuration Settings:
  
  Ensure that the asset accounting configuration is set up correctly in the system. This includes checking the settings for depreciation areas and ensuring that they align with your organization's accounting policies.
  
  
  
  Documentation:
  
  Refer to SAP documentation or help files for detailed information on asset accounting and the specific settings for depreciation areas.
  
  
  
  Consulting with SAP Support:
  
  If the issue persists or if you are unsure about making changes, consider consulting with your SAP support team or a qualified SAP consultant for assistance.
  
  
  
  By following these steps, you should be able to resolve the ACC_AA031 error and ensure that your asset master records are configured correctly for reporting purposes.