How To Fix GC516 - No year of acquisition entered for company &, item &

SAP Error Message - Details

• Message type: E = Error

• Message class: GC - Error Messages for Consolidation/Extended General Ledger

• Message number: 516

• Message text: No year of acquisition entered for company &, item &

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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Smart SAP Assistant

• What is the cause and solution for SAP error message GC516 - No year of acquisition entered for company &, item & ?

  The SAP error message GC516 "No year of acquisition entered for company &, item &" typically occurs in the context of asset accounting when the system expects a year of acquisition for a specific asset but does not find it. This can happen for various reasons, such as missing data during asset creation or incorrect configuration.
  Cause:
  
  Missing Year of Acquisition: The asset master record does not have a year of acquisition entered.
  Incorrect Asset Configuration: The asset may not have been set up correctly, leading to missing mandatory fields.
  Data Migration Issues: If assets were migrated from another system, the year of acquisition may not have been transferred correctly.
  User Input Error: During asset creation or modification, the user may have overlooked entering the year of acquisition.
  
  Solution:
  
  
  Check Asset Master Record:
  
  Go to the asset master record (transaction code AS02 for change or AS03 for display).
  Verify if the "Year of Acquisition" field is filled in the relevant asset class and company code.
  
  
  
  Enter Missing Data:
  
  If the year of acquisition is missing, enter the correct year and save the changes.
  
  
  
  Review Asset Configuration:
  
  Ensure that the asset class settings are correctly configured to require a year of acquisition.
  Check the configuration in transaction code OAOA (Asset Classes) to ensure that all mandatory fields are set correctly.
  
  
  
  Data Migration Review:
  
  If the assets were migrated, review the migration process to ensure that all necessary fields, including the year of acquisition, were populated correctly.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help files for additional guidance on asset accounting and the specific requirements for asset master records.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  AS01: Create Asset
  AS02: Change Asset
  AS03: Display Asset
  OAOA: Asset Classes Configuration
  
  
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional troubleshooting steps.
  User Roles: Ensure that the user has the necessary permissions to view and edit asset master records.
  
  By following these steps, you should be able to resolve the GC516 error and ensure that the asset master records are complete and accurate.