How To Fix FAA_COMP_CODE_RESET004 - Company code & is not assigned in Fixed Assets

SAP Error Message - Details

• Message type: E = Error

• Message class: FAA_COMP_CODE_RESET - Messages for SAPF020

• Message number: 004

• Message text: Company code & is not assigned in Fixed Assets

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FAA_COMP_CODE_RESET004 - Company code & is not assigned in Fixed Assets ?

  The SAP error message FAA_COMP_CODE_RESET004 indicates that a specific company code is not assigned in the Fixed Assets module. This error typically arises when you attempt to perform an operation related to fixed assets (such as posting an asset acquisition or transfer) for a company code that has not been properly configured in the Fixed Assets system.
  Cause:
  
  Missing Configuration: The company code has not been assigned to the Fixed Assets module in the system.
  Incorrect Company Code: The company code being used in the transaction does not exist or is not active in the system.
  Authorization Issues: The user may not have the necessary authorizations to access the fixed assets for that company code.
  
  Solution:
  To resolve the FAA_COMP_CODE_RESET004 error, follow these steps:
  
  
  Check Company Code Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO (SAP Project Reference Object) > IMG > Financial Accounting > Asset Accounting > Integration > Define Company Code for Asset Accounting.
  Ensure that the company code in question is listed and properly configured.
  
  
  
  Assign Company Code:
  
  If the company code is not assigned, you will need to assign it to the Fixed Assets module. This can typically be done in the same configuration area mentioned above.
  
  
  
  Verify Company Code Status:
  
  Ensure that the company code is active and not in a closed status. You can check this in the company code settings.
  
  
  
  Check User Authorizations:
  
  Ensure that the user has the necessary authorizations to access and perform transactions in the Fixed Assets module for the specified company code.
  
  
  
  Test the Configuration:
  
  After making the necessary changes, try to perform the transaction again to see if the error persists.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OAOA (to define company code for asset accounting) or OAYZ (to check asset accounting settings) to navigate directly to the relevant configuration areas.
  Documentation: Refer to SAP Help documentation for Asset Accounting for detailed guidance on configuration and troubleshooting.
  Support: If the issue persists after checking the configuration, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  By following these steps, you should be able to resolve the FAA_COMP_CODE_RESET004 error and ensure that the company code is properly assigned in the Fixed Assets module.