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

SAP Error Message - Details

• 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 company codes in your SAP system.
  
  
  
  Check Company Code Configuration:
  
  Go to the transaction code OBY6 (or SPRO -> Financial Accounting -> Financial Accounting Global Settings -> Company Code -> Edit, Copy, Delete, Check Company Code) to verify if the company code exists and is properly configured.
  
  
  
  Create Missing Company Code:
  
  If the company code does not exist, you may need to create it using the transaction code OX02 (or through the SPRO path mentioned above).
  
  
  
  Review Migration Data:
  
  If you are migrating data from a legacy system, ensure that the mapping of company codes is correct and that the legacy company codes correspond to the correct SAP company codes.
  
  
  
  Check Authorization:
  
  Ensure that you have the necessary authorizations to access and modify the company code settings.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for any specific migration guidelines related to asset accounting.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OBY6: Check existing company codes.
  OX02: Create or edit company codes.
  AS01: Create asset master record.
  AS02: Change asset master record.
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  
  
  Migration Tools: If you are using tools like SAP S/4HANA Migration Cockpit or Legacy System Migration Workbench (LSMW), ensure that the configuration and mapping are correctly set up.
  
  
  By following these steps, you should be able to identify the cause of the FAA_MD060 error and implement the necessary solutions to resolve it.