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

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message FAGL_MIG266 - Incorrect Customizing settings in Asset Accounting for company code &1 ?

  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 SAP Customizing Implementation Guide (SPRO).
  Navigate to Financial Accounting (New) > Asset Accounting > Integration > Integration with General Ledger.
  Verify that the settings for the company code in question are correctly configured.
  
  
  
  Review Account Determination:
  
  Ensure that the account determination for asset transactions is correctly set up. This includes checking the configuration for asset classes and ensuring that the correct G/L accounts are assigned.
  
  
  
  Check Depreciation Areas:
  
  Make sure that the depreciation areas are correctly defined and that they are properly linked to the General Ledger accounts.
  
  
  
  Run Migration Reports:
  
  If you are in the process of migrating to New GL, ensure that you have run the necessary migration reports and that there are no errors in the migration process.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or notes related to FAGL_MIG266 for any specific guidance or updates that may apply to your version of SAP.
  
  
  
  Testing:
  
  After making the necessary adjustments, perform tests to ensure that the error no longer occurs and that asset transactions can be processed correctly.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as OAOA (for asset classes), OAYZ (for account determination), and OADB (for depreciation areas) to access the relevant configuration settings.
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or solutions related to this error message.
  Support: If the issue persists after checking the configurations, consider reaching out to SAP support or consulting with an SAP expert who specializes in Asset Accounting and General Ledger integration.
  
  By following these steps, you should be able to identify and correct the underlying issues causing the FAGL_MIG266 error.