How To Fix RECEAA008 - No depreciation area was found in asset class &1

SAP Error Message - Details

• Message type: E = Error

• Message class: RECEAA - Messages Valuation Asset Integration

• Message number: 008

• Message text: No depreciation area was found in asset class &1

What causes this issue?

For valuation rule &v2&, a depreciation area could not be determined in
asset class &v1&.

System Response

The asset cannot be created correctly.

How to fix this error?

If you have assigned valuation rule &v2& an accounting principle, make
sure that the target ledger group of this accounting principle is
assigned to a depreciation area in asset accounting.
If you have <ZH>not</> assigned valuation rule &v2& an accounting
principle, make sure that the valuation rule &v2& for company code &v3&
is directly assigned a depreciation area.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message RECEAA008 - No depreciation area was found in asset class &1 ?

  The SAP error message RECEAA008 indicates that there is no depreciation area defined for the specified asset class in the system. This error typically occurs when you are trying to post an asset transaction, and the system cannot find the necessary configuration for the asset class in question.
  Cause:
  
  Missing Configuration: The asset class does not have any depreciation areas defined in the configuration settings.
  Incorrect Asset Class: The asset class being used may not be set up correctly or may not exist in the system.
  Data Entry Error: There may be a typo or incorrect entry in the asset class field during transaction entry.
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Asset Class Configuration:
  
  Go to the transaction code OAOA (or navigate through the menu: Accounting > Asset Accounting > Master Data > Asset Class > Define Asset Class).
  Verify that the asset class in question has the necessary depreciation areas defined. You should see a list of depreciation areas associated with the asset class.
  
  
  
  Define Depreciation Areas:
  
  If the depreciation area is missing, you will need to define it. You can do this in the same configuration area where you checked the asset class.
  Ensure that the depreciation areas are set up according to your company's accounting policies.
  
  
  
  Check for Data Entry Errors:
  
  Review the transaction where the error occurred to ensure that the correct asset class is being used.
  Make sure there are no typos or incorrect entries in the asset class field.
  
  
  
  Consult with a SAP Consultant:
  
  If you are unsure about the configuration or how to proceed, it may be beneficial to consult with a SAP FI/CO consultant who can provide guidance based on your specific system setup.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OAOA: Define Asset Class
  OAYZ: Define Depreciation Areas
  
  
  Documentation: Refer to SAP Help documentation for Asset Accounting for detailed information on configuring asset classes and depreciation areas.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues or provide additional guidance related to this error message.
  
  By following these steps, you should be able to resolve the RECEAA008 error and ensure that your asset class is properly configured for depreciation.