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