How To Fix AU070 - Asset &1-&2 in company code &2 (depreciation incomplete)

AU070 - Overview

• Message type: E = Error

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

• Message number: 070

• Message text: Asset &1-&2 in company code &2 (depreciation incomplete)

What causes this issue?

The planned depreciation was not completely posted to Financial
Accounting for asset &V1&-&V2& in company code &V3& in depreciation
area &V4&.

System Response

Year-end closing cannot be carried out for company code &V3&.

How to fix this error?

Post the depreciaton using the appropriate posting program
<LS>(Periodic processing)</> in Financial Accounting. Then start a
repeat run for this asset, if necessary.

Error message extract from SAP system. Copyright SAP SE.

AU070 - Details

• The SAP error message AU070 indicates that there is an issue with the depreciation of an asset in a specific company code. The message typically states that the depreciation for the asset has not been completed, which can prevent further processing of financial transactions related to that asset.
  
  Cause:
  The error can occur due to several reasons, including:
  
  Incomplete Depreciation Run: The depreciation run for the asset has not been executed or completed for the specified period.
  Locked Periods: The period for which depreciation is to be posted may be locked, preventing the system from processing the depreciation.
  Missing Configuration: There may be missing or incorrect configuration settings in the asset accounting module.
  Errors in Asset Master Data: There could be issues with the asset master data that prevent depreciation from being calculated correctly.
  Posting Period Issues: The posting period may not be open for the depreciation posting.
  
  
  Solution:
  To resolve the AU070 error, you can take the following