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

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message G4701 - Asset accounting not active for company & ?

  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 (New) > Activate Asset Accounting.
  Select the company code for which you want to activate Asset Accounting.
  
  
  
  Check Company Code Settings:
  
  Ensure that the company code is properly configured for Asset Accounting.
  Verify that all necessary settings, such as the chart of depreciation and other related configurations, are in place.
  
  
  
  Assign Chart of Depreciation:
  
  Ensure that a chart of depreciation is assigned to the company code.
  Navigate to Financial Accounting (New) > Asset Accounting > Master Data > Define Chart of Depreciation.
  
  
  
  Check for Dependencies:
  
  Make sure that all dependencies and prerequisites for activating Asset Accounting are met, such as the configuration of general ledger accounts for asset transactions.
  
  
  
  Testing:
  
  After making the necessary changes, test the asset accounting functionality to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OAOA (to activate Asset Accounting) and OADB (to define the chart of depreciation) for quick access to the relevant configuration screens.
  Documentation: Refer to SAP Help documentation for detailed steps and guidelines on configuring Asset Accounting.
  User Roles: Ensure that you have the necessary authorizations to make changes in the configuration settings.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP Basis or FI consultant for further assistance.