How To Fix AY301 - Indicator "fixed default asset class" is set, asset class is missing

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 301

• Message text: Indicator "fixed default asset class" is set, asset class is missing

What causes this issue?

The indicator "fixed default asset class" is set, but you did not enter
an asset class.

How to fix this error?

Delete the indicator "fixed default asset class", or enter an asset
class.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AY301 - Indicator "fixed default asset class" is set, asset class is missing ?

  The SAP error message AY301 indicates that there is an issue with the asset class configuration in the system. Specifically, it states that the "fixed default asset class" is set, but the asset class is missing. This typically occurs during asset creation or when trying to post transactions related to fixed assets.
  Cause:
  
  Missing Asset Class: The asset class that is supposed to be used for the transaction is not defined in the system.
  Configuration Issues: The asset class may not be properly configured in the system, or it may have been deleted or deactivated.
  Default Settings: The system is trying to use a default asset class that is not available or has not been set up correctly.
  
  Solution:
  
  
  Check Asset Class Configuration:
  
  Go to the transaction code OAOA (or navigate through the menu: Accounting > Asset Accounting > Master Data > Asset Class > Define Asset Class).
  Verify that the asset class in question exists and is properly configured.
  If it is missing, you may need to create it or restore it if it was deleted.
  
  
  
  Set Default Asset Class:
  
  If the system is trying to use a default asset class, ensure that the default asset class is set correctly in the configuration.
  You can check the default settings in the configuration for asset accounting.
  
  
  
  Review User Settings:
  
  Check if the user-specific settings or parameters are causing the issue. Sometimes, user profiles may have specific settings that override the default configurations.
  
  
  
  Check for Transport Issues:
  
  If the issue arose after a transport request, ensure that all necessary configurations were transported correctly.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or notes related to asset class configuration for any additional insights or updates.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OAOA: Define Asset Class
  OAYZ: Define Default Values for Asset Classes
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to asset class configuration.
  User Roles: Ensure that the user has the necessary authorizations to create or modify asset classes.
  
  If the problem persists after checking the above points, it may be beneficial to consult with your SAP Basis or functional team for further investigation.