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

FAA_MD062 - Overview

• 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