3595797 - Error KI248 during Asset Retirement - SAP S/4HANA Cloud Public Edition

• During the asset accounting process in SAP S/4HANA Public Cloud, an error occurs when attempting to post a fixed asset retirement 
• After selecting the relevant customer and fixed asset, and assigning a revenue G/L account for the transaction, the system throws error KI248 stating: "Account xxxxxxxx requires a true account assignment relevant to cost accounting."
• The error indicates that the profit center assignment is considered only statistical and therefore not sufficient for revenue postings to this G/L account, which is defined as a Primary Cost or Revenue account with Cost Element Category 11 (Revenue).

SAP S/4HANA Cloud Public Edition

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