How To Fix IAOM218 - Asset &2/&3 does not exist in company code &1

IAOM218 - Overview

• Message type: E = Error

• Message class: IAOM - Account Assignment Manager Messages

• Message number: 218

• Message text: Asset &2/&3 does not exist in company code &1

What causes this issue?

Single-object controlling: Asset &v2&/&v3& is the receiver of the
controlling object's settlement rule that is to be created. The
controlling object is the internal order that is to be created, or that
has already been created to which the account is directly assigned.
Controlling on the account assignment receiver: Asset &v2&/&v3& should
be the controlling object to which the account should be directly
assigned.
Asset &v2&/&v3& does not exist in the company code &v1& in ECC.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Create the asset &v2&/&v3& in ECC, or enter a different asset.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message IAOM218 - Asset &2/&3 does not exist in company code &1 ?

  The SAP error message IAOM218 indicates that the asset you are trying to access or process does not exist in the specified company code. This error typically occurs in the Asset Accounting (FI-AA) module when you attempt to perform an operation on an asset that is not recognized in the system for the given company code.
  
  Cause:
  
  Asset Not Created: The asset may not have been created in the specified company code.
  Incorrect Company Code: The company code you are using may be incorrect or not associated with the asset.
  Data Migration Issues: If data was migrated from another system, there may have been issues during the migration process that resulted in missing assets.
  Asset Deactivation: The asset may have been deactivated or archived, making it unavailable for transactions.
  Authorization Issues: The user may not have the necessary authorizations to view or access the asset in the specified company code.
  
  
  Solution:
  
  Check Asset Existence: Verify if the asset