Error Message:

“Line item settlement is not possible for asset BP01 ABC123 0″

Diagnosis and Analysis:

You want to carry out line item settlement of an asset under construction. This transaction can only be carried out for assets with active line item management.

However, line item settlement is not active in the asset class of asset ABC123 0 (company code BP01).

The above error is encountered when you try to settle an amount of an Asset Under Construction and the configuration settings of the asset class where the asset belongs is not configured to allow line item settlment.

Solution:

It is very important to set-up the correct configuration of asset class before posting final transactions. To avoid the above error, the asset under construction asset class should be configured to allow line item settlement.

Here’s a simple procedure on how to set the status of AUC class to allow line item settlement:

Configuration Path:

IMG → Financial Accounting → Asset Accounting → Organizational Structure → Asset Classes → Define Asset Classes

Transaction Code: OAOA