How To Fix COM_PRODUCT055 - Account '&1' does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: COM_PRODUCT - General Messages on Products

• Message number: 055

• Message text: Account '&1' does not exist

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message COM_PRODUCT055 - Account '&1' does not exist ?

  The SAP error message COM_PRODUCT055 indicates that the system is unable to find the specified account (represented by &1) in the database. This typically occurs in the context of product costing or when trying to post transactions related to a product that requires a specific account to be defined.
  Causes:
  
  Account Not Created: The account specified in the error message has not been created in the system.
  Incorrect Account Number: The account number may have been entered incorrectly, leading to the system not recognizing it.
  Account Deactivation: The account may exist but has been deactivated or marked for deletion.
  Configuration Issues: There may be issues with the configuration settings in the relevant modules (e.g., Controlling, Finance).
  Missing Master Data: The necessary master data for the product or account may not be set up correctly.
  
  Solutions:
  
  
  Verify Account Existence:
  
  Check if the account exists in the system by navigating to the relevant transaction (e.g., FS00 for G/L accounts).
  If it does not exist, create the account using the appropriate transaction.
  
  
  
  Check Account Number:
  
  Ensure that the account number entered is correct. Look for typos or formatting issues.
  
  
  
  Review Account Status:
  
  If the account exists, check its status to ensure it is active and not marked for deletion.
  
  
  
  Configuration Review:
  
  Review the configuration settings in the relevant modules (e.g., CO, FI) to ensure that all necessary settings are in place.
  Ensure that the account is assigned correctly in the product costing settings.
  
  
  
  Master Data Setup:
  
  Ensure that all necessary master data related to the product and account is correctly set up. This includes checking the material master, cost center, and any other relevant data.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for additional guidance on the specific context in which the error occurred.
  
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  FS00 (G/L Account Master Record)
  OX15 (Define Account Groups)
  OKEQ (Maintain Cost Elements)
  
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  
  
  User Roles and Authorizations: Ensure that the user has the necessary authorizations to view and create accounts.
  
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in the relevant area (e.g., Finance or Controlling).