How To Fix AA_CONFIG_CHECKS016 - No chart of accounts is assigned to company code &1

SAP Error Message - Details

• Message type: E = Error

• Message class: AA_CONFIG_CHECKS - Configuration Checks FI-AA

• Message number: 016

• Message text: No chart of accounts is assigned to company code &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message AA_CONFIG_CHECKS016 - No chart of accounts is assigned to company code &1 ?

  The SAP error message AA_CONFIG_CHECKS016 indicates that there is no chart of accounts assigned to the specified company code. This is a configuration issue that typically arises in the Asset Accounting (AA) module when trying to perform transactions related to fixed assets.
  Cause:
  The error occurs because the system requires a chart of accounts to be assigned to the company code in order to process asset transactions. If this assignment is missing, the system cannot determine how to handle the financial data related to assets.
  Solution:
  To resolve this error, you need to assign a chart of accounts to the company code. Here are the steps to do this:
  
  
  Access the Configuration Menu:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO (SAP Project Reference Object) > SAP Reference IMG.
  
  
  
  Assign Chart of Accounts:
  
  Follow the path: Financial Accounting (New) > General Ledger Accounting (New) > Master Data > G/L Accounts > Preparation > Define Chart of Accounts.
  Alternatively, you can go to Financial Accounting (New) > Financial Accounting Global Settings (New) > Company Code > Edit, Copy, Delete, Check Company Code.
  
  
  
  Select the Company Code:
  
  Find the company code that is causing the error.
  Check if a chart of accounts is assigned. If not, you will need to assign one.
  
  
  
  Assign a Chart of Accounts:
  
  If there is no chart of accounts assigned, you can assign an existing chart of accounts or create a new one if necessary.
  Make sure to save your changes.
  
  
  
  Check Asset Accounting Configuration:
  
  After assigning the chart of accounts, ensure that the Asset Accounting settings are correctly configured for the company code.
  
  
  
  Test the Configuration:
  
  After making the changes, try to perform the transaction again that previously resulted in the error to confirm that the issue is resolved.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  You can use transaction codes like OBY6 (to maintain company code settings) and OBC4 (to define chart of accounts) for quicker access.
  
  
  
  Documentation:
  
  Refer to SAP Help documentation for detailed steps on configuring company codes and charts of accounts.
  
  
  
  Authorization:
  
  Ensure that you have the necessary authorization to make changes in the configuration settings.
  
  
  
  Transport Requests:
  
  If you are working in a development environment, remember to create a transport request for any changes made, so they can be moved to the production environment.
  
  
  
  By following these steps, you should be able to resolve the error message AA_CONFIG_CHECKS016 and ensure that your company code is properly configured for asset accounting.