How To Fix AU078 - Enter a leasing company

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 078

• Message text: Enter a leasing company

What causes this issue?

It is not possible to make the opening entry for the lease, since you
have not entered a leasing company in the asset master record.

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?

Enter the open item account of the leasing company in the asset master
record (leasing specifications). At the opening entry, the system then
automatically schedules liabilities against this vendor at the
intervals specified in the payment specifications of the lease.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AU078 - Enter a leasing company ?

  The SAP error message AU078, which states "Enter a leasing company," typically occurs in the context of asset accounting when a user is trying to create or modify an asset that is associated with a leasing arrangement. This error indicates that the system requires a leasing company to be specified for the asset in question.
  Cause:
  The error is triggered when:
  
  The asset being created or modified is classified as a leased asset.
  The leasing company field is left blank or not filled in correctly.
  The configuration settings for asset accounting may not be properly set up to handle leasing transactions.
  
  Solution:
  To resolve the AU078 error, you can take the following steps:
  
  
  Enter a Leasing Company:
  
  Navigate to the asset master record (transaction code AS01 for create, AS02 for change).
  Ensure that the "Leasing Company" field is filled in with the appropriate leasing company code.
  
  
  
  Check Asset Class Configuration:
  
  Verify that the asset class you are using is configured to allow leasing. This can be done in the configuration settings for asset accounting (transaction code OAOA).
  Ensure that the asset class has the necessary settings for leasing transactions.
  
  
  
  Review Master Data:
  
  Check if the leasing company is defined in the system. You can do this by navigating to the relevant configuration or master data area.
  Ensure that the leasing company is active and properly set up in the system.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to asset accounting and leasing to ensure that all necessary fields and configurations are correctly set.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  AS01: Create Asset Master Record
  AS02: Change Asset Master Record
  OAOA: Asset Class Configuration
  
  
  
  SAP Notes:
  
  Check for any relevant SAP Notes that may address this specific error or provide additional guidance on leasing company configurations.
  
  
  
  Documentation:
  
  SAP Help Portal and Asset Accounting documentation can provide insights into the requirements for leasing arrangements and asset management.
  
  
  
  By following these steps, you should be able to resolve the AU078 error and successfully manage your asset records in SAP.