How To Fix G4701 - Asset accounting not active for company &

G4701 - Overview

• Message type: E = Error

• Message class: G4 - EC-CS Consolidation

• Message number: 701

• Message text: Asset accounting not active for company &

What causes this issue?

No Asset Accounting information found for company.

System Response

Asset Management not active in Company &1

How to fix this error?

Refer to AM System Administration Guide how to set up asset accounting

Error message extract from SAP system. Copyright SAP SE.

G4701 - Details

• The SAP error message G4701 indicates that Asset Accounting (FI-AA) is not active for the specified company code. This typically occurs when you attempt to perform asset-related transactions or access asset accounting functionalities for a company code that has not been properly configured to use Asset Accounting.
  
  Cause:
  
  Asset Accounting Not Activated: The company code has not been set up to use Asset Accounting in the system.
  
  Configuration Issues: There may be missing configuration settings in the Financial Accounting (FI) module related to Asset Accounting.
  Company Code Settings: The company code may not have the necessary settings to enable asset accounting.
  
  
  Solution:
  To resolve the G4701 error, you need to activate Asset Accounting for the affected company code. Here are the steps to do this:
  
  
  Access the Configuration Settings:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO (SAP Project Reference Object) > SAP Reference IMG.
  
  
  
  Activate Asset Accounting:
  
  Follow the path: Financial Accounting (New) > Financial Accounting Global Settings