How To Fix G5504 - G/L Account & in Company & for fixed Acc. Ass. & missing

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 504

• Message text: G/L Account & in Company & for fixed Acc. Ass. & missing

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message G5504 - G/L Account & in Company & for fixed Acc. Ass. & missing ?

  The SAP error message G5504 typically indicates that there is a problem related to the General Ledger (G/L) account configuration for fixed assets in a specific company code. This error often arises when the system cannot find a valid G/L account for a particular fixed asset transaction, which can prevent the posting of asset transactions.
  Cause:
  
  Missing G/L Account Assignment: The G/L account for the fixed asset may not be assigned in the configuration settings.
  Incorrect Configuration: The configuration for the asset class may not be set up correctly, leading to missing or incorrect G/L account assignments.
  Company Code Issues: The G/L account may not be defined for the specific company code in question.
  Asset Class Issues: The asset class may not have the necessary G/L accounts assigned for the relevant transactions (e.g., acquisition, depreciation).
  
  Solution:
  
  
  Check G/L Account Assignment:
  
  Go to the Asset Accounting configuration in SAP (Transaction Code: OAOA).
  Verify that the G/L accounts for the relevant asset class are correctly assigned for the company code in question.
  
  
  
  Review Asset Class Configuration:
  
  Navigate to the asset class settings (Transaction Code: OAOA).
  Ensure that all necessary G/L accounts (e.g., acquisition, depreciation, and disposal accounts) are assigned to the asset class.
  
  
  
  Check Company Code Settings:
  
  Ensure that the G/L accounts are defined for the specific company code in the configuration settings.
  You can check this in the configuration under Financial Accounting (FI) > General Ledger Accounting > Master Data > G/L Accounts > Prepare G/L Account Creation.
  
  
  
  Test Posting:
  
  After making the necessary adjustments, try to post the transaction again to see if the error persists.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files for additional guidance on configuring asset accounting and G/L accounts.
  
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  OAOA: Asset Class Configuration
  OABW: Asset Accounting - G/L Account Assignment
  OASV: Asset Accounting - Company Code Settings
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to error G5504.
  
  
  User Roles: Ensure that the user has the necessary permissions to view and modify asset accounting settings.
  
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a consultant who specializes in SAP Asset Accounting for further assistance.