How To Fix AY003 - Company code & is not for Asset Accounting

SAP Error Message - Details

• Message type: E = Error

• Message class: AY - Deprec. simulation - maint. module (AIPS) /gen. master data

• Message number: 003

• Message text: Company code & is not for Asset Accounting

What causes this issue?

Company code &V1& is not set up for Asset Accounting.

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

You cannot create depreciation simulation data for this company
code.

System Response

How to fix this error?

Set up company code &V1& for Asset Accounting
or
use a different company code.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AY003 - Company code & is not for Asset Accounting ?

  The SAP error message AY003 indicates that the specified company code is not configured for Asset Accounting (AA). This error typically arises when you attempt to perform asset-related transactions in a company code that has not been set up to handle asset accounting.
  Cause:
  
  Company Code Configuration: The company code you are trying to use for asset transactions has not been assigned to Asset Accounting in the system.
  Missing Settings: The necessary settings for Asset Accounting may not have been completed in the configuration for that company code.
  Incorrect Company Code: You may have entered an incorrect company code in your transaction.
  
  Solution:
  To resolve the AY003 error, you need to ensure that the company code is properly configured for Asset Accounting. Here are the steps to do this:
  
  
  Check Company Code Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO (Customizing) ? Financial Accounting ? Asset Accounting ? Integration ? Define Company Code for Asset Accounting.
  Ensure that the company code in question is listed and that it is configured for Asset Accounting.
  
  
  
  Assign Company Code to Asset Accounting:
  
  If the company code is not assigned, you will need to create a new entry or modify the existing configuration to include the company code.
  Make sure to fill in all required fields and save your changes.
  
  
  
  Check for Missing Settings:
  
  Ensure that all necessary settings for Asset Accounting are completed, including the chart of depreciation, asset classes, and other related configurations.
  
  
  
  Verify Transaction:
  
  Double-check the transaction you are trying to perform to ensure that you are using the correct company code.
  
  
  
  Consult Documentation:
  
  If you are unsure about the configuration steps, refer to SAP documentation or consult with your SAP Basis or Finance team for assistance.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OAOA (for defining company code for Asset Accounting) or OAYZ (for managing asset classes) to navigate directly to the relevant configuration areas.
  Authorization: Ensure that you have the necessary authorizations to make changes to the configuration settings.
  Testing: After making changes, perform a test transaction to confirm that the error has been resolved.
  
  If the issue persists after following these steps, it may be beneficial to consult with an SAP expert or your internal support team for further troubleshooting.