How To Fix MQ553 - Error when setting up transaction figures within FI-AA in comp.code &1

SAP Error Message - Details

• Message type: E = Error

• Message class: MQ - Messages for Euro Changeover Package

• Message number: 553

• Message text: Error when setting up transaction figures within FI-AA in comp.code &1

What causes this issue?

Errors occurred with individual assets in company code &V1& when
setting up the transaction figures within Asset Accounting.

System Response

A warning message appears in the log.

How to fix this error?

You can continue conversion.
Analyze the error message for the company code using report
<DS:REPO.RAT08401>RAT08401</>
Also note the log with the name RAEWUAFA_*.
<DS:TRAN.SP01>Proceed</>
It may be that you have to reverse the last transaction for the
incorrect asset and post it again. This is particularly the case if
retirements, intracompany transfers, write-ups, or credit memos are
posted to the asset in this year.
If the log shows an asset with the error that the open items do not
agree with the cumulative values, you need to analyze this error more
closely. This asset is an asset under construction. Following
conversion, its open items exceed the cumulative values by more than
100 euros, for which reason the system did not automatically reconcile
these values since there appears to be an error in the conversion of
the data. Check the line items of this asset.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message MQ553 - Error when setting up transaction figures within FI-AA in comp.code &1 ?

  The SAP error message MQ553 typically occurs in the context of the Asset Accounting (FI-AA) module when there are issues related to the configuration of transaction figures for a company code. This error can arise due to various reasons, including configuration issues, missing settings, or inconsistencies in the system.
  Cause of MQ553 Error
  
  
  Missing Configuration: The company code may not be properly configured for Asset Accounting. This includes missing settings for transaction figures or other related parameters.
  
  
  Inconsistent Data: There may be inconsistencies in the data related to the company code or the asset master records.
  
  
  Authorization Issues: The user may not have the necessary authorizations to perform the actions related to transaction figures.
  
  
  Technical Issues: There could be underlying technical issues, such as problems with the database or the application server.
  
  
  Solution
  To resolve the MQ553 error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the configuration settings for Asset Accounting (Transaction code: SPRO).
  Navigate to Financial Accounting (New) > Asset Accounting > Integration > Define Transaction Figures.
  Ensure that the company code in question is properly set up and that all necessary parameters are defined.
  
  
  
  Review Asset Master Data:
  
  Check the asset master records associated with the company code to ensure they are correctly configured and do not have any inconsistencies.
  
  
  
  Authorization Check:
  
  Verify that the user has the necessary authorizations to access and modify transaction figures. This can be done by checking the user roles and authorizations in the system.
  
  
  
  Technical Checks:
  
  If the above steps do not resolve the issue, consider checking for any technical issues. This may involve looking at system logs or consulting with your SAP Basis team to ensure that the system is functioning correctly.
  
  
  
  Consult SAP Notes:
  
  Search for relevant SAP Notes in the SAP Support Portal that may address the specific error message or provide additional troubleshooting steps.
  
  
  
  Testing:
  
  After making any changes, perform tests to ensure that the error no longer occurs and that transaction figures can be set up correctly.
  
  
  
  Related Information
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as AS01 (Create Asset), AS02 (Change Asset), and AS03 (Display Asset) for managing asset master data.
  Documentation: Refer to SAP documentation for Asset Accounting for detailed guidance on configuration and setup.
  SAP Community: Engage with the SAP Community forums for insights and solutions from other users who may have encountered similar issues.
  
  If the problem persists after following these steps, it may be beneficial to reach out to SAP support for further assistance.