How To Fix AU042 - Settlement profile set in & company codes

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 042

• Message text: Settlement profile set in & company codes

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message AU042 - Settlement profile set in & company codes ?

  The SAP error message AU042 indicates that there is an issue with the settlement profile configuration for a specific company code. This error typically arises when the system is unable to find a valid settlement profile for the asset or the company code involved in the transaction.
  Cause:
  
  Missing Settlement Profile: The settlement profile may not be defined for the specified company code.
  Incorrect Configuration: The settlement profile may be incorrectly configured or not assigned to the asset class.
  Asset Class Issues: The asset class associated with the asset may not have a valid settlement profile assigned.
  Company Code Settings: The company code settings may not be properly configured to allow for the specified settlement profile.
  
  Solution:
  
  
  Check Settlement Profile Assignment:
  
  Go to the transaction code OAOA (or navigate through the menu: Accounting > Asset Accounting > Master Data > Asset > Create).
  Verify that the settlement profile is assigned to the relevant company code.
  
  
  
  Define Settlement Profile:
  
  If the settlement profile is missing, you can define it using transaction code OAOA.
  Ensure that the profile is correctly configured with the necessary parameters.
  
  
  
  Assign Settlement Profile to Asset Class:
  
  Use transaction code OAOA to check if the asset class has the correct settlement profile assigned.
  If not, assign the appropriate settlement profile to the asset class.
  
  
  
  Review Company Code Settings:
  
  Check the company code settings in transaction code OX02 (or through the menu: Enterprise Structure > Definition > Financial Accounting > Edit, Copy, Delete, Check Company Code).
  Ensure that the company code is properly set up to use the desired settlement profile.
  
  
  
  Consult Documentation: If you are unsure about the configuration, refer to SAP documentation or consult with your SAP support team for guidance on setting up settlement profiles.
  
  
  Related Information:
  
  Transaction Codes:
  
  OAOA: Define Settlement Profile
  OAXX: Asset Class Configuration
  OX02: Company Code Configuration
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to settlement profiles and error AU042.
  User Roles: Ensure that you have the necessary authorizations to make changes to asset accounting settings.
  
  By following these steps, you should be able to resolve the AU042 error and ensure that the settlement profile is correctly configured for the specified company codes.