How To Fix FAA_CFG_PARALLEL_VAL010 - New General Ledger Accounting is not active; see long text

FAA_CFG_PARALLEL_VAL010 - Overview

• Message type: E = Error

• Message class: FAA_CFG_PARALLEL_VAL - Messages for BF FIN_AA_PARALLEL_VAL

• Message number: 010

• Message text: New General Ledger Accounting is not active; see long text

What causes this issue?

New General Ledger Accounting (FI-GL) is <ZH>not</> active.
However, to be able to use new Asset Accounting, you need to have
activated new General Ledger Accounting.

System Response

You <ZH>cannot</> make any Customizing settings for the chart of
depreciation.

How to fix this error?

Follow the correct sequence if you are migrating to the new Financials
solution. You have to migrate first to new General Ledger Accounting and
then migrate to new Asset Accounting.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

FAA_CFG_PARALLEL_VAL010 - Details

• The SAP error message FAA_CFG_PARALLEL_VAL010 indicates that the New General Ledger Accounting (New G/L) is not active in your SAP system. This error typically arises when you are trying to perform certain financial transactions or configurations that require the New G/L to be enabled.
  
  Cause:
  The primary cause of this error is that the New General Ledger Accounting has not been activated in your SAP system. The New G/L provides enhanced functionalities for financial accounting, including parallel accounting, segment reporting, and more. If your organization has not migrated to the New G/L, certain functionalities related to asset accounting may not be available.
  
  Solution:
  To resolve this error, you need to activate the New General Ledger Accounting in your SAP system. Here are the steps to do so:
  
  
  Check Current Configuration:
  
  Go to transaction code OBY6 to check if the New G/L is activated.
  If it is not activated, you will need to proceed with the activation.
  
  
  
  Activate New