How To Fix FAA_POST060 - Asset &1 is not updated from G/L viewpoint; see long text

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 060

• Message text: Asset &1 is not updated from G/L viewpoint; see long text

What causes this issue?

You have entered an integrated acquisition on asset &V1&.
However, the asset does not manage depreciation areas that are relevant
for integration with the general ledger in <ZH>any</> accounting
principle; or <ZH>none</> of these areas is posted with a value other
than zero.

System Response

If only some accounting principles are missing, the system posts the
acquisition costs to expense. However, if all accounting principles are
missing, then all valuation-specific postings would be posted as
expense, which contradicts entering the posting as an asset posting.
Therefore, the system issues an error message.

How to fix this error?

Check your entry and correct it.

Procedure for System Administrators

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

INCLUDE AA_MESSAGE_CONTROL OBJECT DOKU ID TX

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FAA_POST060 - Asset &1 is not updated from G/L viewpoint; see long text ?

  The SAP error message FAA_POST060 indicates that an asset (identified by &1) is not updated from the General Ledger (G/L) viewpoint. This typically occurs during asset accounting transactions, such as posting an acquisition or a transfer, where the system expects the asset to be updated in the G/L but finds that it has not been.
  Causes:
  
  Missing G/L Account Assignment: The asset may not have a valid G/L account assigned in the asset master data.
  Incorrect Asset Status: The asset might be in a status that does not allow postings (e.g., inactive or under construction).
  Posting Period Issues: The posting period may be closed, preventing any updates to the G/L.
  Configuration Issues: There may be configuration issues in the asset accounting settings that prevent the asset from being updated in the G/L.
  Transaction Type Restrictions: The transaction type used for posting may not be configured to allow G/L updates for the specific asset.
  
  Solutions:
  
  Check Asset Master Data: Verify that the asset master data is correctly configured, including the G/L account assignments. Ensure that the asset is active and not in a restricted status.
  Review Posting Period: Check if the posting period is open. If it is closed, you may need to open it or post in a different period.
  Examine Configuration Settings: Review the configuration settings in the Asset Accounting module to ensure that they are set up correctly for the asset type and transaction type.
  Transaction Type Review: Ensure that the transaction type being used allows for G/L updates. You may need to adjust the configuration for the transaction type if necessary.
  Consult Long Text: The error message often has a long text that provides additional details. Check the long text for specific guidance related to the asset in question.
  
  Related Information:
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  Transaction Codes: Use transaction codes like AS03 (Display Asset), OAOA (Asset Accounting Customizing), and OB52 (Manage Posting Periods) to investigate and resolve the issue.
  Documentation: Refer to SAP documentation for Asset Accounting for detailed information on asset management and G/L postings.
  
  If the issue persists after checking these areas, it may be beneficial to consult with your SAP support team or a functional consultant specializing in Asset Accounting.