How To Fix F1023 - Account & does not exist in company code &

F1023 - Overview

• Message type: E = Error

• Message class: F1 - FI Function Module Messages

• Message number: 023

• Message text: Account & does not exist in company code &

What causes this issue?

Consolidation of business areas is active in your system.
It was determined here that zero balance on business area level
must be ensured when posting. This is done by automatic line items on
clearing accounts.
The clearing account &V1& specified for the business area &V3& is
not created in the company code &V2&.

System Response

The document cannot be posted.

How to fix this error?

Create the G/L account &V1& in the company code &V2&.
<DS:TRAN.FS01>Proceed</>
As an alternative, you can also specify another clearing account
for the business area &V3& in the chart of accounts &V4&.
<DS:TRAN.OBXM>Proceed</>

Error message extract from SAP system. Copyright SAP SE.

F1023 - Details

• The SAP error message F1023 indicates that the specified account does not exist in the specified company code. This error typically occurs during financial transactions, such as posting journal entries, when the system cannot find the account in the relevant company code.
  
  Cause:
  
  Account Not Created: The account you are trying to use has not been created in the specified company code.
  Incorrect Company Code: The account exists, but it is not assigned to the company code you are working with.
  Inactive Account: The account may exist but is marked as inactive or blocked for postings.
  Data Entry Error: There may be a typo or error in the account number or company code entered during the transaction.
  
  Configuration Issues: There may be issues with the configuration of the chart of accounts or the account assignment.
  
  
  Solution:
  
  
  Check Account Existence:
  
  Go to the transaction code FS00 (G/L Account Master Record) and check if the account exists for the specified company