How To Fix FAA_POST049 - No default account assignment possible for generic retirement

SAP Error Message - Details

• Message type: E = Error

• Message class: FAA_POST - FIAA Posting Messages (Object-Oriented Kernel)

• Message number: 049

• Message text: No default account assignment possible for generic retirement

What causes this issue?

For an integrated asset retirement, you entered multiple assets
(selection of multiple asset subnumbers) for a revenue item.

System Response

Since the selected assets can each have different separate account
assignments, the system can <ZH>not</> propose an account assignment for
the G/L account item entered.

How to fix this error?

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

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_POST049 - No default account assignment possible for generic retirement ?

  The SAP error message FAA_POST049, which states "No default account assignment possible for generic retirement," typically occurs in the context of asset accounting when trying to post a retirement of an asset. This error indicates that the system cannot determine the appropriate account assignment for the retirement transaction.
  Causes:
  
  Missing Account Assignment: The system may not have a default account assignment set up for the asset retirement in the asset master data.
  
  Configuration Issues: The configuration for asset retirement in the Asset Accounting (FI-AA) module may not be correctly set up, particularly in the area of account determination.
  Generic Retirement Type: The retirement type being used may not have a corresponding account assignment defined in the system.
  Missing or Incorrect Settings in the Chart of Accounts: The chart of accounts may not have the necessary accounts defined for the retirement process.
  
  Solutions:
  
  
  Check Asset Master Data:
  
  Go to the asset master record (transaction code AS02) and check the