How To Fix AU216 - Specify a leasing interest rate for the asset &-&.

AU216 - Overview

• Message type: E = Error

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

• Message number: 216

• Message text: Specify a leasing interest rate for the asset &-&.

What causes this issue?

You must specify an interest rate for determining the cash value for
the series of payments in order to carry out automatic initial posting
of the leased asset.

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?

Specify the appropriate annual interest rate in the master record of
the leased asset.

Error message extract from SAP system. Copyright SAP SE.

AU216 - Details

• The SAP error message AU216, which states "Specify a leasing interest rate for the asset &-&," typically occurs in the context of asset accounting, particularly when dealing with leased assets. This error indicates that the system requires a leasing interest rate to be defined for the asset in question, which is necessary for calculating depreciation and other financial metrics related to the asset.
  
  Cause:
  
  Missing Leasing Interest Rate: The primary cause of this error is that the leasing interest rate has not been specified for the asset in the asset master data.
  Incorrect Asset Configuration: The asset may not be properly configured to reflect its leasing status, leading to the absence of required financial parameters.
  Data Entry Error: There may have been an oversight during the asset creation or modification process, resulting in the omission of the leasing interest rate.
  
  
  Solution:
  To resolve the AU216 error, follow these steps:
  
  
  Access Asset Master Data:
  
  Go to the transaction code