How To Fix AU034 - Company code & has no incorrect assets

SAP Error Message - Details

• Message type: E = Error

• Message class: AU - FI-AA utility program error messages

• Message number: 034

• Message text: Company code & has no incorrect assets

What causes this issue?

There are no assets with errors at this time in company code &V1&.

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?

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AU034 - Company code & has no incorrect assets ?

  The SAP error message AU034 indicates that the specified company code does not have any incorrect assets. This message typically arises in the context of asset accounting when you are trying to perform an operation (like a transfer, posting, or report) that involves assets, but the system cannot find any assets that meet the criteria for the operation.
  Cause:
  
  No Incorrect Assets: The primary cause of this error is that there are no assets marked as incorrect in the specified company code. This could mean that all assets are correctly configured and there are no discrepancies.
  Incorrect Company Code: The company code specified in the transaction may not be the one where the assets are located.
  Data Entry Error: There may be a typographical error in the company code or asset number entered in the transaction.
  Asset Master Data Issues: The asset master data may not be properly set up or may not exist for the specified company code.
  
  Solution:
  
  Verify Company Code: Check to ensure that the correct company code is being used in the transaction. If you are unsure, you can look up the company code in the asset master data.
  Check Asset Master Data: Use transaction codes like AS03 (Display Asset) to check if there are any assets associated with the specified company code. If there are no assets, you may need to create them.
  Review Asset Status: Ensure that the assets are not in a status that would prevent them from being processed (e.g., retired or inactive).
  Consult Asset Accounting Configuration: If you believe there should be incorrect assets, review the configuration settings in Asset Accounting to ensure everything is set up correctly.
  Run Reports: Use asset accounting reports (like S_ALR_87011963) to get an overview of the assets in the company code and check for any discrepancies.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as AS01 (Create Asset), AS02 (Change Asset), and AS03 (Display Asset).
  SAP Notes: Check SAP Notes for any known issues or patches related to asset accounting that might address this error.
  Documentation: Review SAP documentation on Asset Accounting for best practices and troubleshooting steps.
  User Roles and Authorizations: Ensure that the user has the necessary authorizations to view and manage assets in the specified company code.
  
  If the issue persists after checking these areas, it may be beneficial to consult with your SAP support team or a functional consultant specializing in Asset Accounting.