How To Fix GLOFAA_MD_JP003 - Asset structure is not defined under Chart of Accounts && G/L Account

SAP Error Message - Details

• Message type: E = Error

• Message class: GLOFAA_MD_JP - JP Fixed Asset Master

• Message number: 003

• Message text: Asset structure is not defined under Chart of Accounts && G/L Account

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message GLOFAA_MD_JP003 - Asset structure is not defined under Chart of Accounts && G/L Account ?

  The SAP error message GLOFAA_MD_JP003 indicates that there is an issue with the asset structure not being defined under the specified Chart of Accounts (CoA) and General Ledger (G/L) account. This error typically arises when trying to create or manage fixed assets in the Asset Accounting module of SAP.
  Cause:
  
  Missing Asset Structure: The asset structure for the specified Chart of Accounts and G/L account is not defined in the system. This means that the system does not know how to handle assets associated with that particular account.
  Configuration Issues: There may be a configuration issue in the Asset Accounting settings, where the asset structure has not been properly assigned to the relevant Chart of Accounts.
  Incorrect G/L Account: The G/L account being used may not be set up to handle asset transactions, or it may not be linked to the correct asset structure.
  
  Solution:
  
  
  Define Asset Structure:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to Financial Accounting (New) > Asset Accounting > Integration > Define Asset Structure.
  Ensure that the asset structure is defined for the relevant Chart of Accounts and G/L account.
  
  
  
  Check G/L Account Configuration:
  
  Verify that the G/L account in question is configured correctly to handle asset transactions.
  Go to Financial Accounting (New) > General Ledger Accounting > Master Data > G/L Accounts > Individual Processing > G/L Account.
  Check the account type and ensure it is set up for asset accounting.
  
  
  
  Assign Asset Structure to Chart of Accounts:
  
  Ensure that the asset structure is assigned to the correct Chart of Accounts.
  This can be done in the same configuration area where you define the asset structure.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to see if the error persists.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as OAOA (for asset structure) and FS00 (for G/L account master data) to access the relevant configuration settings.
  Documentation: Refer to SAP Help documentation for detailed steps on configuring Asset Accounting and managing asset structures.
  User Roles: Ensure that you have the necessary authorizations to make changes in the configuration settings.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP Basis or Functional team for further investigation, as there may be additional underlying issues or customizations affecting the asset structure.