How To Fix G4747 - Receiving asset number required for non-wholly owned transaction.

SAP Error Message - Details

• Message type: E = Error

• Message class: G4 - EC-CS Consolidation

• Message number: 747

• Message text: Receiving asset number required for non-wholly owned transaction.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message G4747 - Receiving asset number required for non-wholly owned transaction. ?

  The SAP error message G4747, which states "Receiving asset number required for non-wholly owned transaction," typically occurs in the context of asset accounting when you are trying to process a transaction that involves an asset that is not wholly owned by your company. This can happen in scenarios such as asset transfers, acquisitions, or disposals where the asset is partially owned or shared with another entity.
  Cause:
  The error arises because the system requires a receiving asset number to be specified for transactions involving non-wholly owned assets. This is necessary for proper accounting and tracking of the asset's ownership and value.
  Solution:
  To resolve this error, you should take the following steps:
  
  
  Check Transaction Type: Ensure that the transaction you are trying to execute is appropriate for the asset in question. If it involves a non-wholly owned asset, you need to specify the receiving asset number.
  
  
  Specify Receiving Asset Number: When processing the transaction, make sure to enter a valid receiving asset number. This number should correspond to the asset that will receive the value or ownership in the transaction.
  
  
  Review Asset Master Data: Check the asset master data to confirm the ownership structure and ensure that the asset is correctly classified as non-wholly owned. You may need to update the asset master data if there are discrepancies.
  
  
  Consult Documentation: Refer to your organization's internal documentation or SAP help resources for specific guidelines on handling non-wholly owned assets.
  
  
  Contact Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with an SAP expert who can provide further assistance.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP Asset Accounting (e.g., AB01 for asset posting, ABT1N for asset transfer).
  Configuration Settings: Review the configuration settings in the Asset Accounting module to ensure that they are set up correctly for handling non-wholly owned assets.
  Documentation: SAP Help Portal and SAP Notes can provide additional insights and updates related to this error message.
  
  By following these steps, you should be able to address the G4747 error and successfully process your asset transaction.