How To Fix CMS_FOB000 - Asset &1 does not exist

CMS_FOB000 - Overview

• Message type: E = Error

• Message class: CMS_FOB - Asset as Financed objects

• Message number: 000

• Message text: Asset &1 does not exist

What causes this issue?

The asset (collateral object) &V1& that is financed by the specified
receivable, is not maintained.

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?

You must maintain the assets that are financed by the receivables.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

CMS_FOB000 - Details

• The SAP error message CMS_FOB000 Asset &1 does not exist typically indicates that the system is unable to find the asset specified by the asset number (&1) in the Asset Accounting module. This can occur for several reasons, and here are some common causes, solutions, and related information:
  Causes:
  
  Incorrect Asset Number: The asset number entered may be incorrect or mistyped.
  Asset Not Created: The asset may not have been created in the system yet.
  Asset Deletion: The asset may have been deleted or archived.
  Company Code Issues: The asset may not exist in the specified company code.
  Authorization Issues: The user may not have the necessary authorizations to view the asset.
  Data Consistency Issues: There may be inconsistencies in the database or issues with data migration.
  
  Solutions:
  
  Verify Asset Number: Double-check the asset number for any typographical errors.
  Check Asset Creation: Ensure that the asset has been created in the system. You can do this by using transaction code