How To Fix G4702 - Depreciation area & not defined for chart of depreciation &

SAP Error Message - Details

• Message type: E = Error

• Message class: G4 - EC-CS Consolidation

• Message number: 702

• Message text: Depreciation area & not defined for chart of depreciation &

What causes this issue?

The chart of depreciation assigned to the company you selected does not
contain depreciation area &1.

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

System Response

Depreciation area & not defined for Chart of depreciation &

How to fix this error?

Check your settings in AM Customizing

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message G4702 - Depreciation area & not defined for chart of depreciation & ?

  The SAP error message G4702 indicates that a specific depreciation area is not defined for the chart of depreciation you are trying to use. This typically occurs during asset accounting transactions, such as when you are trying to post an asset acquisition or perform a depreciation run.
  Cause:
  
  Missing Configuration: The depreciation area you are trying to use is not configured in the chart of depreciation.
  Incorrect Chart of Depreciation: The asset may be assigned to a different chart of depreciation than the one you are trying to use.
  Data Entry Error: There may be a mistake in the asset master data or the transaction data that is causing the system to look for a non-existent depreciation area.
  
  Solution:
  
  
  Check Configuration:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to Financial Accounting (New) > Asset Accounting > Integration > Define Depreciation Areas.
  Ensure that the depreciation area in question is defined for the relevant chart of depreciation.
  
  
  
  Review Asset Master Data:
  
  Use transaction code AS03 to display the asset master record.
  Check the assigned chart of depreciation and ensure that the depreciation area is correctly set up.
  
  
  
  Adjust Chart of Depreciation:
  
  If the asset is assigned to the wrong chart of depreciation, you may need to change it to the correct one or create the necessary configuration for the existing chart.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for specific guidance on how to configure depreciation areas and charts of depreciation.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Depreciation Areas: These are used in asset accounting to represent different methods of calculating depreciation (e.g., book depreciation, tax depreciation).
  Charts of Depreciation: A chart of depreciation is a framework that defines how depreciation is calculated for assets in a specific company code or group of company codes.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as AS01 (Create Asset), AS02 (Change Asset), and AS03 (Display Asset) for managing asset master data.
  
  If the issue persists after checking the above points, it may be beneficial to consult with your SAP Basis or Functional team for further investigation.