How To Fix G5501 - Fixed Acc. Ass. & in Chart of Acc. & not maintained &

SAP Error Message - Details

• Message type: E = Error

• Message class: G5 - IS-Oil /Joint Venture/ Material transfer pricing

• Message number: 501

• Message text: Fixed Acc. Ass. & in Chart of Acc. & not maintained &

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message G5501 - Fixed Acc. Ass. & in Chart of Acc. & not maintained & ?

  The SAP error message G5501 typically indicates that there is an issue with the configuration of fixed asset accounts in the chart of accounts. Specifically, it suggests that the fixed asset account is not maintained or defined in the chart of accounts for the relevant company code.
  Cause:
  
  Missing Configuration: The fixed asset account has not been defined in the chart of accounts for the company code you are working with.
  Incorrect Account Assignment: The account assignment for fixed assets may not be correctly set up in the asset master record.
  Chart of Accounts Issues: The chart of accounts itself may not be properly configured to include the necessary fixed asset accounts.
  
  Solution:
  To resolve the G5501 error, you can follow these steps:
  
  
  Check Asset Master Record:
  
  Go to the asset master record (transaction code AS02 or AS03).
  Verify that the fixed asset account is correctly assigned in the "Account Determination" section.
  
  
  
  Maintain Fixed Asset Accounts:
  
  Navigate to the configuration settings for fixed assets:
  
  Use transaction code SPRO to access the SAP Reference IMG.
  Follow the path: Financial Accounting (New) > Asset Accounting > Account Determination > Define Account Determination for Asset Transactions.
  
  
  Ensure that the fixed asset accounts (e.g., acquisition, depreciation, etc.) are properly defined for the relevant chart of accounts and company code.
  
  
  
  Check Chart of Accounts:
  
  Ensure that the chart of accounts assigned to your company code includes the necessary fixed asset accounts.
  You can check this in the configuration settings under Financial Accounting > General Ledger Accounting > Master Data > G/L Accounts > Prepare G/L Account Master Data.
  
  
  
  Test the Configuration:
  
  After making the necessary changes, test the configuration by trying to post a transaction related to fixed assets again.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  AS02: Change Asset Master Record
  AS03: Display Asset Master Record
  SPRO: SAP Reference IMG
  
  
  Documentation: Refer to SAP Help documentation for detailed steps on configuring asset accounting and account determination.
  User Roles: Ensure that you have the necessary authorizations to make changes in the asset accounting configuration.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in asset accounting.