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

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message F1023 - Account & does not exist in company code & ?

  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 code.
  If it does not exist, you will need to create it.
  
  
  
  Create Account:
  
  If the account does not exist, create it using transaction code FS00. Ensure you select the correct company code and enter all required details.
  
  
  
  Verify Company Code:
  
  Ensure that you are using the correct company code in your transaction. Double-check the entry for any typos.
  
  
  
  Check Account Status:
  
  If the account exists but is inactive, you may need to activate it or change its status to allow postings.
  
  
  
  Review Configuration:
  
  If you suspect configuration issues, consult with your SAP FI consultant or system administrator to review the chart of accounts and account assignment settings.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for further guidance on managing G/L accounts and company codes.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  FS00: G/L Account Master Record
  FBL3N: G/L Account Line Item Display
  OBY6: Define Company Code
  
  
  SAP Notes: Check SAP Notes for any known issues or updates related to this error message.
  User Authorization: Ensure that you have the necessary authorizations to create or modify G/L accounts in the system.
  
  By following these steps, you should be able to resolve the F1023 error and successfully process your financial transactions in SAP.