How To Fix RQ318 - Asset account missing; posting not possible

SAP Error Message - Details

• Message type: E = Error

• Message class: RQ - Messages for Cash Management and Forecast

• Message number: 318

• Message text: Asset account missing; posting not possible

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message RQ318 - Asset account missing; posting not possible ?

  The SAP error message RQ318, which states "Asset account missing; posting not possible," typically occurs during the posting of an asset transaction when the system cannot find the necessary asset account in the configuration. This can happen in various scenarios, such as when creating or posting asset acquisitions, transfers, or retirements.
  Cause:
  
  Missing Configuration: The asset account may not be defined in the asset master record or in the relevant configuration settings.
  Incorrect Account Assignment: The account assignment for the asset may not be correctly set up in the chart of accounts or may not correspond to the asset class.
  Asset Class Issues: The asset class may not have the necessary accounts assigned for the type of transaction being processed.
  Missing or Incorrect Master Data: The asset master data may be incomplete or incorrectly configured, leading to the absence of the required account.
  
  Solution:
  
  
  Check Asset Master Data:
  
  Go to the asset master record (transaction code AS02) and verify that the asset account is correctly assigned.
  Ensure that the asset class is correctly set up and that it has the necessary accounts assigned.
  
  
  
  Review Configuration:
  
  Check the configuration for the asset accounting (transaction code OAOA) to ensure that the necessary accounts are defined for the asset class.
  Ensure that the account determination settings are correctly configured for the relevant transactions.
  
  
  
  Verify Account Assignment:
  
  Ensure that the account assignment for the asset is correct in the relevant financial document.
  Check if the account is part of the chart of accounts being used.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for specific details on the configuration of asset accounts and the asset accounting module.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test posting to ensure that the error does not occur again.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  AS02: Change Asset Master Record
  OAOA: Configure Asset Accounting
  OAYZ: Define Account Determination for Asset Transactions
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to this error message.
  
  
  User Roles and Authorizations: Ensure that the user has the necessary authorizations to view and modify asset master data and configuration settings.
  
  
  By following these steps, you should be able to identify and resolve the cause of the RQ318 error message in SAP. If the issue persists, it may be beneficial to consult with your SAP support team or a functional consultant specializing in asset accounting.