How To Fix RECEAA037 - No depreciation area with currency &2 for asset &1

SAP Error Message - Details

• Message type: E = Error

• Message class: RECEAA - Messages Valuation Asset Integration

• Message number: 037

• Message text: No depreciation area with currency &2 for asset &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message RECEAA037 - No depreciation area with currency &2 for asset &1 ?

  The SAP error message RECEAA037 indicates that there is no depreciation area configured for the specified asset in the currency indicated. This error typically arises during asset accounting transactions, such as when trying to post an asset transaction or when running depreciation.
  Cause:
  
  Missing Configuration: The depreciation area for the asset does not have a currency defined that matches the currency being used in the transaction.
  Incorrect Asset Master Data: The asset master data may not be set up correctly, particularly in terms of the depreciation areas and their associated currencies.
  Currency Settings: The currency settings in the asset accounting configuration may not align with the currency of the transaction being processed.
  
  Solution:
  
  
  Check Asset Master Data:
  
  Go to the asset master record (transaction code AS03).
  Verify the depreciation areas assigned to the asset and ensure that they are correctly configured with the appropriate currencies.
  
  
  
  Review Depreciation Area Configuration:
  
  Use transaction code OAYZ to check the configuration of depreciation areas.
  Ensure that the depreciation area in question is set up with the correct currency.
  
  
  
  Adjust Currency Settings:
  
  If the currency of the transaction does not match any of the configured depreciation areas, you may need to adjust the currency settings in the asset accounting configuration.
  Ensure that the currency settings in the company code and the asset accounting settings are consistent.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for specific guidance on configuring depreciation areas and currencies.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to ensure that the error is resolved.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  AS03: Display Asset Master Record
  OAYZ: Configuration of Depreciation Areas
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  User Roles: Ensure that you have the necessary authorizations to view and modify asset master data and configuration settings.
  
  By following these steps, you should be able to identify the root cause of the error and implement a solution to resolve it.