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 account assignment tab. Ensure that the necessary accounts for retirement are correctly assigned.
  
  
  
  Review Account Determination Configuration:
  
  Navigate to the configuration settings for asset accounting (transaction code SPRO).
  Follow the path: Financial Accounting (New) > Asset Accounting > Account Determination > Define Account Determination for Asset Retirement.
  Ensure that the account determination for the retirement transaction is correctly configured.
  
  
  
  Define Default Account Assignment:
  
  If the asset is being retired generically, ensure that a default account assignment is defined for generic retirements in the configuration settings.
  
  
  
  Check Chart of Accounts:
  
  Ensure that the necessary accounts for asset retirement are defined in the chart of accounts being used by the company code.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for specific details on configuring asset retirement and account assignments.
  
  
  
  Testing:
  
  After making changes, perform a test retirement transaction to ensure that the error does not occur again.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  AS02: Change Asset Master Record
  SPRO: SAP Project Reference Object (for configuration)
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  
  
  User Roles and Authorizations: Ensure that the user performing the transaction has the necessary authorizations to access and modify asset master data and configuration settings.
  
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a consultant who specializes in SAP Asset Accounting for further assistance.