AA705 - Asset &-& has no areas in company code &

SAP Error Message - Details

• Message type: E = Error

• Message class: AA - Messages for Asset Accounting

• Message number: 705

• Message text: Asset &-& has no areas in company code &

What causes this issue?

Asset has no depreciation areas.

System Response

This asset will be missed out, the following asset will be processed.

How to fix this error?

The asset cannot be usefully used. Contact your Systems Specialist.

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.

AnswerBot

• What is the cause and solution for SAP error message AA705 - Asset &-& has no areas in company code & ?

  The SAP error message AA705 indicates that an asset does not have any areas defined in the specified company code. This typically occurs in the Asset Accounting (FI-AA) module when trying to perform operations on an asset that is not properly configured.
  Cause:
  
  Missing Areas: The asset in question has not been assigned any depreciation areas in the specified company code. Depreciation areas are necessary for calculating and managing the asset's value and depreciation.
  Incorrect Configuration: The asset might have been created without the necessary configuration in the asset master data.
  Company Code Issues: The asset may not be valid for the specified company code, or it may have been created in a different company code.
  
  Solution:
  
  
  Check Asset Master Data:
  
  Go to the Asset Master Data (Transaction Code: AS03) and enter the asset number and company code.
  Verify if there are any depreciation areas assigned to the asset. If not, you will need to add the necessary areas.
  
  
  
  Create/Update Depreciation Areas:
  
  If the asset is missing depreciation areas, you can create or update the asset master data (Transaction Code: AS01 or AS02) to include the required depreciation areas.
  Ensure that the relevant settings for the depreciation areas are correctly configured in the system.
  
  
  
  Review Company Code Settings:
  
  Check if the asset is assigned to the correct company code. If the asset was created in a different company code, you may need to create a new asset in the correct company code or transfer the asset if applicable.
  
  
  
  Consult Configuration:
  
  If you are unsure about the configuration of depreciation areas, consult with your SAP FI-AA configuration team to ensure that the necessary settings are in place for the company code and asset types.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to ensure that the error does not occur.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  AS01: Create Asset
  AS02: Change Asset
  AS03: Display Asset
  OAYZ: Configuration for Asset Accounting
  
  
  Documentation: Refer to SAP Help documentation for Asset Accounting for detailed information on asset master data and depreciation areas.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to this error message.
  
  By following these steps, you should be able to resolve the AA705 error and ensure that the asset is properly configured in the system.