How To Fix AY006 - Company code & is not for Asset Accounting

AY006 - Overview

• Message type: E = Error

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

• Message number: 006

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

What causes this issue?

Company code &V1& is not set up for Asset Accounting.
Therefore you cannot create depreciation simulation data for this
company code.

System Response

The existing depreciation simulation data for company code &V2&
are deleted.

How to fix this error?

Set up comany code &V1& for Asset Accounting, or use a different
company code when maintaining depreciation simulation data.

Error message extract from SAP system. Copyright SAP SE.

AY006 - Details

• The SAP error message AY006 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 in question has not been assigned to Asset Accounting in the system configuration.
  Missing Settings: The necessary settings for Asset Accounting may not have been completed for the company code.
  Incorrect Company Code: The company code entered may be incorrect or may not exist in the system.
  
  
  Solution:
  To resolve the AY006 error, follow these steps:
  
  
  Check Company Code Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO (SAP Project Reference Object) > Enterprise Structure > Definition > Financial Accounting > Define Company Code.
  Ensure that the company code is correctly defined and that it is intended to use Asset Accounting.
  
  
  
  Assign Company Code to Asset Accounting:
  
  In the same