How To Fix G5505 - Fixed Acc. Ass. & in Chart of Acc. & not maintained &

G5505 - Overview

• 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.

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G5505 - Details

• 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