How To Fix AY047 - Group assets cannot be managed in company code &

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 047

• Message text: Group assets cannot be managed in company code &

What causes this issue?

You want to process a group asset in company code &V1&.
However, according to the Asset Accounting Customizing entries you
made, this is not allowed.

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?

Check whether you need to change your entries in Customizing.
There, you must allow management of group assets specifically per
company code and depreciation area.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AY047 - Group assets cannot be managed in company code & ?

  The SAP error message AY047 indicates that group assets cannot be managed in the specified company code. This error typically arises when there is an attempt to manage group assets in a company code that is not configured to handle them.
  Cause:
  
  Configuration Issue: The company code is not set up to manage group assets. Group assets are typically used in scenarios where multiple company codes are involved, and if the company code is not configured for this, the error will occur.
  Asset Class Settings: The asset class associated with the asset may not be configured to allow group asset management.
  Master Data Issues: The asset master data may not be correctly set up to reflect the group asset management settings.
  
  Solution:
  
  
  Check Company Code Configuration:
  
  Go to the configuration settings in SAP (Transaction code SPRO).
  Navigate to Financial Accounting (New) > Asset Accounting > Integration > Define Company Code.
  Ensure that the company code is configured to manage group assets.
  
  
  
  Review Asset Class Settings:
  
  Check the asset class settings (Transaction code OAOA).
  Ensure that the asset class is set up to allow for group asset management.
  
  
  
  Adjust Asset Master Data:
  
  Review the asset master data (Transaction code AS03).
  Ensure that the asset is correctly assigned to the appropriate company code and asset class.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help files for more detailed information on managing group assets and the specific configurations required.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the configurations, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Group Asset Management: This feature allows for the management of assets that are shared across multiple company codes. It is essential for organizations that operate in multiple jurisdictions or have complex asset structures.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as AS01 (Create Asset), AS02 (Change Asset), and AS03 (Display Asset) for managing asset master data.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to group asset management and the AY047 error.
  
  By following these steps, you should be able to resolve the AY047 error and ensure that your company code is properly configured for group asset management.