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