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

AY047 - Overview

• 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.

AY047 - Details

• 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