How To Fix 29126 - G/L account & not defined in company code & (plant &)

SAP Error Message - Details

• Message type: E = Error

• Message class: 29 - Bills of Material

• Message number: 126

• Message text: G/L account & not defined in company code & (plant &)

What causes this issue?

You want to enter G/L account &V1& for the non-stock item.
The system determines the valuation area on the base of the plant
entered on the initial screen. A valuation area corresponds either to
one plant or to all the plants in a company code.
If the BOM (variant or alternative) is allocated to more than one
plant, the system checks the G/L account for all the plants.
The G/L account entered is not maintained in the determined company
code.

How to fix this error?

Contact the department responsible for maintaining G/L accounts.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 29126 - G/L account & not defined in company code & (plant &) ?

  The SAP error message 29126 indicates that a General Ledger (G/L) account is not defined for a specific company code and plant combination. This error typically occurs during transactions that involve financial postings, such as goods movements, invoice postings, or other financial activities where a G/L account is required.
  Cause:
  
  Missing G/L Account Configuration: The G/L account has not been assigned to the specified company code and plant in the system.
  Incorrect Account Assignment: The account being used in the transaction is not valid for the specified company code or plant.
  Data Entry Errors: There may be a typo or incorrect entry in the transaction that is causing the system to look for a non-existent account.
  
  Solution:
  
  
  Check G/L Account Configuration:
  
  Go to the transaction code OBY6 (or FS00) to check the G/L account settings.
  Ensure that the G/L account is defined for the relevant company code.
  If the account is not defined, you will need to create or modify the account to include the necessary company code and plant.
  
  
  
  Assign G/L Account to Company Code and Plant:
  
  If the G/L account is missing for the specific company code and plant, you can assign it by navigating to the appropriate configuration settings in the SAP system.
  Use transaction code OBYC to check the account determination settings for the relevant transaction type (e.g., inventory postings, goods movements).
  
  
  
  Review Transaction Data:
  
  Double-check the transaction data for any errors or inconsistencies.
  Ensure that the correct G/L account is being used and that it is valid for the specified company code and plant.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about the correct G/L account to use, consult with your finance or accounting team to ensure compliance with accounting practices.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  FS00: Create/Change G/L Account
  OBY6: Define G/L Account for Company Code
  OBYC: Automatic Account Determination
  
  
  Documentation: Refer to SAP Help documentation for detailed steps on configuring G/L accounts and account determination.
  User Roles: Ensure that you have the necessary authorizations to make changes to G/L account settings.
  
  By following these steps, you should be able to resolve the error message 29126 and ensure that the G/L account is properly defined for the company code and plant in question.