How To Fix KM253 - No currency was found for depreciation area &

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 253

• Message text: No currency was found for depreciation area &

What causes this issue?

The system could not find a currency for depreciation area &V1& in
company code &V2&.

System Response

The system cannot transfer the asset portfolios in company code
&V2&.

How to fix this error?

Maintain the depreciation area in Customizing for Asset Accounting
or choose another depreciation area.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KM253 - No currency was found for depreciation area & ?

  The SAP error message KM253 ("No currency was found for depreciation area &") typically occurs in the context of Asset Accounting (FI-AA) when the system is unable to find a valid currency configuration for a specific depreciation area. This can happen during various processes, such as asset posting, depreciation calculation, or reporting.
  Causes:
  
  Missing Currency Configuration: The depreciation area may not have a defined currency in the configuration settings.
  Incorrect Settings: The settings for the asset or the company code may not be correctly configured to include the necessary currency information.
  Inactive Depreciation Area: The depreciation area might be inactive or not properly set up in the asset master record.
  Data Migration Issues: If data was migrated from another system, there may be inconsistencies or missing data related to currency settings.
  
  Solutions:
  
  
  Check Depreciation Area Configuration:
  
  Go to the configuration settings for Asset Accounting (Transaction code: OAOA).
  Ensure that the depreciation area in question has a valid currency assigned.
  
  
  
  Review Asset Master Record:
  
  Use transaction code AS03 to display the asset master record.
  Check the depreciation area settings and ensure that the currency is correctly defined.
  
  
  
  Verify Company Code Settings:
  
  Check the company code settings (Transaction code: OX15) to ensure that the currency settings are correctly configured for the company code associated with the asset.
  
  
  
  Activate Depreciation Area:
  
  If the depreciation area is inactive, you may need to activate it in the configuration settings.
  
  
  
  Data Consistency Check:
  
  If the issue arose after a data migration, perform a consistency check to ensure that all necessary data has been migrated correctly.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or notes related to Asset Accounting for any specific guidance on this error.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  AS03: Display Asset Master Record
  OAOA: Configure Depreciation Areas
  OX15: Company Code Global Data
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Roles: Ensure that the user has the necessary authorizations to view and modify asset master records and configuration settings.
  
  If the issue persists after checking these areas, it may be beneficial to consult with your SAP support team or a functional consultant specializing in Asset Accounting for further assistance.