How To Fix FAA_MD062 - Cannot migrate asset &1-&2 in company code &3 due to missing ledgers

SAP Error Message - Details

• Message type: E = Error

• Message class: FAA_MD - Fixed Asset Master

• Message number: 062

• Message text: Cannot migrate asset &1-&2 in company code &3 due to missing ledgers

What causes this issue?

Cannot migrate asset &V1&-&V2& in company code &V3&, because
depreciation area &V4& has <ZH>no</> ledger assigned.

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 assign a ledger to depreciation area &V4&.

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_MD062 - Cannot migrate asset &1-&2 in company code &3 due to missing ledgers ?

  The SAP error message FAA_MD062 indicates that there is an issue with migrating an asset in the Asset Accounting (FI-AA) module due to missing ledgers. This typically occurs during the migration of asset data from one system to another or during a system upgrade.
  Cause:
  The error message FAA_MD062 is triggered when the system attempts to migrate an asset but cannot find the necessary ledgers associated with that asset in the specified company code. This can happen for several reasons:
  
  Missing Ledgers: The ledgers required for the asset's accounting are not defined in the system.
  Configuration Issues: The configuration for the company code may not include the necessary ledgers for asset accounting.
  Data Inconsistencies: There may be inconsistencies in the asset master data or the configuration settings that prevent the migration from proceeding.
  
  Solution:
  To resolve the FAA_MD062 error, you can follow these steps:
  
  
  Check Ledger Configuration:
  
  Go to the configuration settings in SAP and verify that the ledgers required for the asset are defined for the company code in question.
  Use transaction code OB22 to check the ledger settings for the company code.
  
  
  
  Define Missing Ledgers:
  
  If the required ledgers are missing, you will need to create them. This can be done in the configuration settings under Financial Accounting (FI) > General Ledger Accounting > Ledgers > Define Ledgers.
  
  
  
  Review Asset Master Data:
  
  Check the asset master data for the asset in question using transaction code AS03. Ensure that all necessary information is correctly filled out and that the asset is assigned to the correct company code and ledgers.
  
  
  
  Migration Settings:
  
  If you are performing a migration, ensure that the migration settings are correctly configured to include all necessary ledgers. This may involve reviewing the migration program or tool you are using.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or notes related to asset migration and ledger configuration for any additional guidance or specific steps that may be required.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test migration to ensure that the error is resolved and that the asset can be successfully migrated.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  AS03: Display Asset Master Record
  OB22: Define Ledgers
  OADB: Define Asset Accounting Settings
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  
  
  SAP Community: Consider searching or posting in the SAP Community forums for insights from other users who may have encountered and resolved similar issues.
  
  
  By following these steps, you should be able to identify the cause of the FAA_MD062 error and implement a solution to successfully migrate the asset.