How To Fix AY353 - No retirement posting was found for asset & & in depreciation area &

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 353

• Message text: No retirement posting was found for asset & & in depreciation area &

What causes this issue?

In the chart of depreciation of the new asset, depreciation area
&V3& is an area that is intended to be transferred historically.
However, in the old asset &V1& &V2&, the system could not find a
retirement posting with revenue to an affiliated company.

System Response

This depreciation area is not transferred historically.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AY353 - No retirement posting was found for asset & & in depreciation area & ?

  The SAP error message AY353 indicates that there is no retirement posting found for a specific asset in a given depreciation area. This typically occurs during the asset retirement process, where the system expects to find a corresponding retirement posting for the asset in question but cannot locate it.
  Cause:
  
  Missing Retirement Posting: The most common cause is that the asset has not been retired properly, or the retirement posting has not been executed.
  Incorrect Configuration: There may be issues with the configuration of the asset accounting settings, particularly in the depreciation area.
  Data Entry Errors: There could be errors in the asset master data or in the transaction data that prevent the system from recognizing the retirement.
  Timing Issues: The retirement posting may have been done in a different period, and the system is unable to find it in the current period.
  
  Solution:
  
  Check Retirement Posting: Verify if the retirement posting for the asset has been executed. You can do this by checking the asset history or the relevant transaction logs.
  Execute Retirement Posting: If the retirement has not been posted, you will need to perform the retirement posting using the appropriate transaction (e.g., ABAVN for asset retirement).
  Review Asset Master Data: Ensure that the asset master data is correct and that the asset is assigned to the correct depreciation area.
  Check Configuration: Review the configuration settings for asset accounting and depreciation areas to ensure they are set up correctly.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on handling asset retirements and related postings.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  ABAVN: Asset Retirement
  AS03: Display Asset
  AW01N: Asset Explorer
  
  
  SAP Notes: Check for any SAP Notes related to this error message for additional troubleshooting steps or patches.
  User Authorization: Ensure that the user has the necessary authorizations to perform asset retirement postings.
  Consult with SAP Support: If the issue persists, consider reaching out to SAP support for further assistance.
  
  By following these steps, you should be able to identify the cause of the AY353 error and implement the necessary solutions to resolve it.