How To Fix AY114 - Asset class &1 allows only group assets. Please correct.

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 114

• Message text: Asset class &1 allows only group assets. Please correct.

What causes this issue?

The asset class &V1& should only be used for group assets. Therefore,
it is not possible to create an asset in this class.

How to fix this error?

When you create an asset, use an asset class that is not set aside for
group assets.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AY114 - Asset class &1 allows only group assets. Please correct. ?

  The SAP error message AY114 indicates that the asset class you are trying to use is configured to allow only group assets. This means that the asset class is set up in such a way that it does not permit the creation of individual assets, but rather only allows for the creation of group assets.
  Cause:
  
  Asset Class Configuration: The asset class you are using has been configured to accept only group assets. This is typically done in the asset accounting settings.
  Incorrect Asset Type: You may be trying to create an individual asset when the asset class is restricted to group assets.
  
  Solution:
  
  
  Check Asset Class Configuration:
  
  Go to the transaction code OAOA (or navigate through the menu: Accounting > Financial Accounting > Asset Accounting > Master Data > Asset Class > Define Asset Class).
  Look for the asset class in question and check its settings. Ensure that it is indeed set to allow only group assets.
  
  
  
  Use the Correct Asset Type:
  
  If you need to create an individual asset, you will need to use a different asset class that allows for individual assets. Check the available asset classes and select one that meets your requirements.
  
  
  
  Modify Asset Class (if necessary):
  
  If you have the necessary authorizations and it is appropriate for your business process, you can modify the asset class settings to allow individual assets. However, this should be done with caution and typically requires consultation with your finance or asset management team.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for more detailed guidance on asset class configurations and their implications.
  
  
  
  Related Information:
  
  Group Assets: These are assets that are grouped together for accounting purposes. They are typically used for assets that are similar in nature and can be managed collectively.
  Asset Accounting (FI-AA): This is the module in SAP that deals with the management of fixed assets, including their acquisition, depreciation, and disposal.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as AS01 (Create Asset), AS02 (Change Asset), and AS03 (Display Asset) for managing assets in SAP.
  
  If you continue to face issues, it may be beneficial to reach out to your SAP support team or a consultant who specializes in SAP Asset Accounting for further assistance.