How To Fix FAA_MD067 - Please enter cost center or WBS element to collect depreciation costs &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FAA_MD - Fixed Asset Master

• Message number: 067

• Message text: Please enter cost center or WBS element to collect depreciation costs &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FAA_MD067 - Please enter cost center or WBS element to collect depreciation costs &1 ?

  The SAP error message FAA_MD067 indicates that when trying to post or process depreciation for an asset, the system requires either a cost center or a Work Breakdown Structure (WBS) element to be specified for collecting depreciation costs. This is a common issue in asset accounting when the necessary cost allocation information is missing.
  Cause:
  
  Missing Cost Center or WBS Element: The asset master record does not have a cost center or WBS element assigned, which is necessary for the system to allocate depreciation costs.
  Configuration Issues: The configuration settings in the asset accounting module may not be set up correctly to allow for the automatic assignment of cost centers or WBS elements.
  Transaction Type: The transaction being executed may require specific settings that are not met, such as the type of asset or the nature of the transaction.
  
  Solution:
  
  
  Check Asset Master Record:
  
  Go to the asset master record (transaction code AS02).
  Ensure that either a cost center or a WBS element is assigned in the relevant fields.
  If not, update the asset master record with the necessary information.
  
  
  
  Review Configuration:
  
  Check the configuration settings in the Asset Accounting (FI-AA) module to ensure that the system is set up to require or allow the entry of cost centers or WBS elements.
  You may need to consult with your SAP configuration team or refer to the SAP documentation for specific configuration steps.
  
  
  
  Transaction Type Settings:
  
  Verify the transaction type being used for the depreciation posting. Ensure that it is configured to allow for the entry of cost centers or WBS elements as needed.
  
  
  
  User Input:
  
  If the system is set to require user input for cost centers or WBS elements, ensure that users are trained to provide this information when processing depreciation.
  
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on configuration and troubleshooting.
  Documentation: Refer to the SAP Help Portal for detailed documentation on Asset Accounting and the specific requirements for cost centers and WBS elements.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as AS01 (Create Asset), AS02 (Change Asset), and AS03 (Display Asset) for managing asset master records.
  
  By ensuring that the asset master records are correctly populated and that the system configuration aligns with your business processes, you can resolve the FAA_MD067 error and facilitate smooth depreciation postings.