How To Fix KM342 - Depreciation area &1 is not defined in company code &2

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 342

• Message text: Depreciation area &1 is not defined in company code &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message KM342 - Depreciation area &1 is not defined in company code &2 ?

  The SAP error message KM342 indicates that a specific depreciation area is not defined for a particular company code in the system. This error typically arises during the execution of transactions related to asset accounting, such as asset postings or depreciation runs.
  Cause:
  The error occurs when:
  
  The depreciation area specified in the transaction does not exist for the company code in question.
  The configuration for the asset accounting module has not been set up correctly.
  There may be a mismatch between the asset master data and the configuration settings.
  
  Solution:
  To resolve the KM342 error, you can follow these steps:
  
  
  Check Depreciation Area Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to Transaction Code OAYZ (or use the path: Accounting > Financial Accounting > Asset Accounting > Implementation Guide > Asset Accounting > Depreciation Areas > Define Depreciation Areas).
  Verify that the depreciation area in question is defined for the relevant company code.
  
  
  
  Define Depreciation Area:
  
  If the depreciation area is not defined, you will need to create it.
  Click on "New Entries" and enter the necessary details for the depreciation area, ensuring it is linked to the correct company code.
  
  
  
  Check Asset Master Data:
  
  Use Transaction Code AS03 to display the asset master data.
  Ensure that the asset is assigned to the correct company code and that the depreciation area is included in the asset's configuration.
  
  
  
  Review Configuration Settings:
  
  Ensure that the configuration settings for asset accounting are complete and correct.
  Check if the necessary settings for the company code and depreciation areas are properly maintained.
  
  
  
  Consult Documentation:
  
  If you are unsure about the configuration, refer to SAP documentation or consult with your SAP functional consultant for guidance.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error is resolved.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OAYZ: Define Depreciation Areas
  AS03: Display Asset Master Data
  OAYR: Define Company Code for Asset Accounting
  
  
  
  SAP Notes:
  
  Check SAP Notes for any known issues or additional guidance related to depreciation areas and asset accounting.
  
  
  
  User Roles:
  
  Ensure that you have the necessary authorizations to make changes to asset accounting settings.
  
  
  
  By following these steps, you should be able to resolve the KM342 error and ensure that the depreciation area is correctly defined for the specified company code.