How To Fix FIQA_LOC301 - Asset accounting functions are not active for company code &1

FIQA_LOC301 - Overview

• Message type: E = Error

• Message class: FIQA_LOC - FI Localization for Qatar

• Message number: 301

• Message text: Asset accounting functions are not active for company code &1

Self-Explanatory Message

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FIQA_LOC301 - Details

• The SAP error message FIQA_LOC301 indicates that asset accounting functions are not active for the specified company code. This typically occurs when the asset accounting module has not been properly configured or activated for the company code in question.
  
  Cause:
  
  Inactive Asset Accounting: The asset accounting functionality has not been activated for the specified company code.
  
  Configuration Issues: There may be missing configuration settings in the Asset Accounting module.
  Company Code Settings: The company code may not be set up to use asset accounting.
  
  
  Solution:
  To resolve the FIQA_LOC301 error, follow these steps:
  
  
  Check Company Code Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO (SAP Project Reference Object) > Enterprise Structure > Definition > Financial Accounting > Define Company Code.
  Ensure that the company code is correctly defined and that the asset accounting is activated.
  
  
  
  Activate Asset Accounting:
  
  In the same SPRO path, navigate to Financial Accounting > Asset Accounting > Integration > Activate Asset Accounting.
  Ensure that the asset