How To Fix G5505 - 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: 505

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

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message G5505 - Fixed Acc. Ass. & in Chart of Acc. & not maintained & ?

  The SAP error message G5505 typically indicates that there is an issue with the configuration of fixed asset accounts in the chart of accounts. Specifically, it suggests that a fixed asset account is not maintained or is missing in the chart of accounts for the relevant company code.
  Cause:
  
  Missing Configuration: The fixed asset account (such as acquisition, depreciation, or disposal accounts) is not defined in the chart of accounts for the company code you are working with.
  Incorrect Account Assignment: The fixed asset account may be incorrectly assigned or not assigned at all in the asset master record.
  Chart of Accounts Issues: The chart of accounts being used may not have the necessary accounts set up for fixed asset transactions.
  
  Solution:
  To resolve the G5505 error, you can follow these steps:
  
  
  Check Asset Master Record:
  
  Go to the asset master record (transaction code AS02) and check the account assignment tab.
  Ensure that the fixed asset accounts (such as acquisition, depreciation, and disposal accounts) are correctly assigned.
  
  
  
  Maintain Fixed Asset Accounts:
  
  Navigate to the configuration settings for fixed assets (transaction code SPRO).
  Follow the path: Financial Accounting (New) > Asset Accounting > Integration > Define Fixed Asset Accounts.
  Ensure that the necessary fixed asset accounts are defined for the relevant chart of accounts and company code.
  
  
  
  Review Chart of Accounts:
  
  Check the chart of accounts being used for the company code to ensure that it includes the required fixed asset accounts.
  If necessary, create or modify accounts in the chart of accounts to include the required fixed asset accounts.
  
  
  
  Test Transactions:
  
  After making the necessary changes, test the relevant transactions to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  AS02: Change Asset Master Record
  SPRO: Customizing Implementation Guide
  
  
  Documentation: Refer to SAP Help documentation for detailed steps on configuring fixed asset accounts and managing asset master records.
  User Roles: Ensure that you have the necessary authorizations to make changes to asset accounting settings.
  
  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 for further assistance.