How To Fix FAA_MD060 - Cannot migrate asset &1-&2 because company code &3 doesnÆt exist

FAA_MD060 - Overview

• Message type: E = Error

• Message class: FAA_MD - Fixed Asset Master

• Message number: 060

• Message text: Cannot migrate asset &1-&2 because company code &3 doesnÆt exist

What causes this issue?

Asset &V1&-&V2& cannot be migrated, because company code &V3& has
<ZH>not</> been defined, yet.

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?

Please define the company code first. Make sure that a local currency
key is correctly assigned to this company code.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FAA_MD060 - Cannot migrate asset &1-&2 because company code &3 doesnÆt exist ?

  The SAP error message FAA_MD060 indicates that there is an issue with migrating an asset due to the specified company code not existing in the system. This error typically occurs during asset migration processes, such as when using the Asset Accounting (FI-AA) module in SAP.
  
  Cause:
  The error message FAA_MD060 is triggered when:
  
  The company code specified in the asset master data does not exist in the SAP system.
  There may be a typo or incorrect entry in the company code field.
  The company code may have been deleted or not properly configured in the system.
  The asset is being migrated from a legacy system where the company code was valid, but it does not match any existing company code in the target SAP system.
  
  
  Solution:
  To resolve the FAA_MD060 error, you can take the following steps:
  
  
  Verify Company Code:
  
  Check the company code specified in the asset master data. Ensure that it is correctly entered and matches the existing