How To Fix ACC_AA005 - Target company code &1 does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: ACC_AA - Message Class for Function Group ACC_AA

• Message number: 005

• Message text: Target company code &1 does not exist

What causes this issue?

Company code &V1&, which you entered, does not exist in the system, and
therefore you cannot enter it as target company code.

System Response

Error message

How to fix this error?

Create the company code in Customizing.

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message ACC_AA005 - Target company code &1 does not exist ?

  The SAP error message ACC_AA005 indicates that the target company code specified in a transaction does not exist in the system. This error typically occurs in the context of asset accounting when trying to perform actions such as transferring assets, posting transactions, or executing reports that involve a specific company code.
  Cause:
  
  Incorrect Company Code: The company code specified in the transaction does not exist in the system.
  Configuration Issues: The company code may not be properly configured in the system, or it may have been deleted or not created at all.
  Authorization Issues: The user may not have the necessary authorizations to access the specified company code.
  Data Entry Errors: There may be a typographical error in the company code entered in the transaction.
  
  Solution:
  
  
  Verify Company Code:
  
  Check the company code entered in the transaction. Ensure that it is correct and matches the existing company codes in the system.
  You can view existing company codes by navigating to Transaction Code OX02 (or through the menu: SPRO > Enterprise Structure > Definition > Financial Accounting > Define Company Code).
  
  
  
  Create or Configure Company Code:
  
  If the company code does not exist, you may need to create it. This can be done through Transaction Code OX02.
  Ensure that all necessary configurations for the company code are completed, including settings for financial accounting, controlling, and asset accounting.
  
  
  
  Check Authorizations:
  
  Ensure that the user has the necessary authorizations to access the specified company code. This can be checked with the help of your SAP security team.
  
  
  
  Correct Data Entry:
  
  Double-check for any typographical errors in the company code field. Ensure that the code is entered correctly.
  
  
  
  Consult Documentation:
  
  If the issue persists, consult SAP documentation or reach out to your SAP support team for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OX02: Define Company Code
  OX03: Display Company Code
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to this error message.
  User Authorizations: Review user roles and authorizations to ensure proper access to the company code.
  
  By following these steps, you should be able to resolve the ACC_AA005 error and proceed with your asset accounting transactions.