How To Fix GC891 - No yr of acquisition in database for co. & and fin. statement item &

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 891

• Message text: No yr of acquisition in database for co. & and fin. statement item &

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message GC891 - No yr of acquisition in database for co. & and fin. statement item & ?

  The SAP error message GC891 indicates that there is no year of acquisition recorded in the database for a specific company code and financial statement item. This error typically arises in the context of asset accounting or financial reporting when the system is unable to find the necessary data to process a transaction or generate a report.
  Cause:
  
  Missing Data: The most common cause is that the year of acquisition for an asset has not been entered in the system. This could happen if the asset was created without specifying the acquisition year.
  Incorrect Configuration: There may be issues with the configuration settings in the asset accounting module, leading to missing or incorrect data.
  Data Migration Issues: If data was migrated from another system, it’s possible that the year of acquisition was not transferred correctly.
  Inactive or Incorrect Financial Statement Item: The financial statement item referenced may not be set up correctly or may not be active in the system.
  
  Solution:
  
  
  Check Asset Master Data: 
  
  Go to the asset master record (transaction code AS03) and check if the year of acquisition is filled in for the relevant asset. If it is missing, you will need to update the asset master data (transaction code AS02).
  
  
  
  Review Financial Statement Item Configuration:
  
  Ensure that the financial statement item is correctly configured in the system. You can check this in the configuration settings for financial accounting (transaction code OB58).
  
  
  
  Data Migration Review:
  
  If the error occurred after a data migration, review the migration process to ensure that all necessary fields, including the year of acquisition, were populated correctly.
  
  
  
  Consult Documentation: 
  
  Review SAP documentation or help files related to asset accounting and financial statement items for any specific requirements or configurations that may be missing.
  
  
  
  Run Reports: 
  
  Use reports such as the Asset History Sheet (transaction code S_ALR_87011963) to identify any assets that may be missing the year of acquisition.
  
  
  
  Contact Support: 
  
  If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as AS01 (Create Asset), AS02 (Change Asset), AS03 (Display Asset), and S_ALR_87011963 (Asset History Sheet).
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Roles and Authorizations: Ensure that the user has the necessary authorizations to view and edit asset master data.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.