How To Fix KM242 - Depreciation area &1 is not posted to the General Ledger

SAP Error Message - Details

• Message type: E = Error

• Message class: KM - Error messages for Profit Center Accounting

• Message number: 242

• Message text: Depreciation area &1 is not posted to the General Ledger

Diagnosis
Depreciation area &V1& is not posted to the general ledger in company
code &V2&. No accounts can therefore be stored for the depreciation
area. Transfer to Profit Center Accounting is not possible without
accounts.
System response
No transfer is made for the depreciation area.

How to fix this error?

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

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 KM242 - Depreciation area &1 is not posted to the General Ledger ?

  The SAP error message KM242 indicates that a specific depreciation area (denoted as &1) is not being posted to the General Ledger (G/L). This can occur for various reasons, and understanding the cause is essential for resolving the issue. Here’s a breakdown of the potential causes, solutions, and related information:
  Causes:
  
  Configuration Issues: The depreciation area may not be configured to post to the G/L. This can happen if the settings in the Asset Accounting (FI-AA) module are not correctly defined.
  Posting Settings: The posting settings for the specific depreciation area might be set to "not post" to the G/L.
  Asset Class Settings: The asset class associated with the asset may have settings that prevent posting to the G/L for that depreciation area.
  Transaction Type: The transaction type used for the posting may not allow posting to the G/L for that depreciation area.
  Period Closing: If the period is closed in the G/L, postings may be restricted, leading to this error.
  
  Solutions:
  
  
  Check Configuration:
  
  Go to the configuration settings in the Asset Accounting module (Transaction code: SPRO).
  Navigate to Financial Accounting (New) > Asset Accounting > Integration > Define Depreciation Areas.
  Ensure that the depreciation area in question is set to post to the G/L.
  
  
  
  Review Asset Class Settings:
  
  Check the asset class settings (Transaction code: OAOA) to ensure that the depreciation area is allowed to post to the G/L.
  
  
  
  Verify Posting Settings:
  
  In the same configuration area, check the posting settings for the specific depreciation area to ensure it is not set to "do not post".
  
  
  
  Check Transaction Type:
  
  Review the transaction type used for the posting (Transaction code: OABT) and ensure it is configured to allow postings to the G/L.
  
  
  
  Open Periods:
  
  Ensure that the G/L posting period is open. You can check this in the G/L account settings or by using transaction code OB52.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files for any additional insights related to the specific depreciation area and its posting behavior.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  SPRO: Customizing settings
  OAOA: Asset class configuration
  OABT: Transaction type configuration
  OB52: Open/close posting periods
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to depreciation areas and G/L postings.
  
  
  Testing: After making changes, perform a test posting to ensure that the issue is resolved.
  
  
  By following these steps, you should be able to identify the cause of the KM242 error and implement the necessary changes to allow the depreciation area to post to the General Ledger successfully.