How To Fix FAGL_MIG266 - Incorrect Customizing settings in Asset Accounting for company code &1

FAGL_MIG266 - Overview

• Message type: E = Error

• Message class: FAGL_MIG - Migration to New General Ledger Accounting

• Message number: 266

• Message text: Incorrect Customizing settings in Asset Accounting for company code &1

What causes this issue?

During the migration phase, the Customizing settings in Asset Accounting
were <ZH>incomplete</> for company code &V1&.

System Response

The depreciation documents that were posted in company code &V1& during
the migration are <ZH>not</> reversed.

How to fix this error?

Ensure that a depreciation area has been created for the new ledger that
was implemented.
Ensure also that the depreciation area has the same target ledger group
as that contained in the new ledger.

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.

Error message extract from SAP system. Copyright SAP SE.

FAGL_MIG266 - Details

• The SAP error message FAGL_MIG266 indicates that there are incorrect customizing settings in Asset Accounting (AA) for a specific company code. This error typically arises during the migration process to the new General Ledger (New GL) or during the execution of certain transactions related to Asset Accounting.
  
  Cause:
  The error can be caused by several factors, including:
  
  
  Missing or Incorrect Configuration: The Asset Accounting settings for the company code may not be properly configured. This includes settings related to asset classes, depreciation areas, and integration with the General Ledger.
  
  
  Inconsistent Settings: There may be inconsistencies between the settings in Asset Accounting and the General Ledger, such as differences in account determination or missing integration settings.
  
  
  Migration Issues: If you are migrating from Classic GL to New GL, there may be issues with the migration settings or the data that is being transferred.
  
  
  
  Solution:
  To resolve the FAGL_MIG266 error, you can follow these steps:
  
  
  Check Customizing Settings:
  
  Go to the