How To Fix >0688 - No standard company code defined in contract account &1 &2

>0688 - Overview

• Message type: E = Error

• Message class: >0 - General Basis texts

• Message number: 688

• Message text: No standard company code defined in contract account &1 &2

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.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message >0688 - No standard company code defined in contract account &1 &2 ?

  The SAP error message 0688 ("No standard company code defined in contract account &1 &2") typically occurs in the context of contract accounts in SAP, particularly when dealing with financial transactions or account management. This error indicates that the system cannot find a standard company code associated with the specified contract account.
  
  Cause:
  
  Missing Configuration: The primary cause of this error is that the contract account does not have a standard company code defined in the system. This can happen if the account was not properly set up or if the configuration was changed.
  Data Inconsistency: There may be inconsistencies in the data related to the contract account, such as missing entries in the relevant tables.
  Incorrect Account Assignment: The contract account may be incorrectly assigned to a company code that does not exist or is not active.
  
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Contract Account Configuration:
  
  Go to the transaction code OBY6