How To Fix F1307 - No target chart of accounts is defined for company code &

SAP Error Message - Details

• Message type: E = Error

• Message class: F1 - FI Function Module Messages

• Message number: 307

• Message text: No target chart of accounts is defined for company code &

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message F1307 - No target chart of accounts is defined for company code & ?

  The SAP error message F1307, "No target chart of accounts is defined for company code &," typically occurs when you are trying to perform a financial transaction or run a report that requires a chart of accounts (CoA) to be defined for a specific company code, but none has been set up.
  Cause:
  
  Missing Configuration: The primary cause of this error is that the target chart of accounts has not been assigned to the specified company code in the system.
  Incorrect Company Code: The company code you are trying to use may not be correctly configured or may not exist in the system.
  Data Migration Issues: If you are migrating data from another system or have recently created a new company code, the necessary configurations may not have been completed.
  
  Solution:
  To resolve the error, you need to define a target chart of accounts for the company code in question. Here are the steps to do this:
  
  
  Access the Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO (SAP Project Reference Object) > SAP Reference IMG.
  
  
  
  Define Chart of Accounts:
  
  Follow the path: Financial Accounting (New) > General Ledger Accounting (New) > Master Data > G/L Accounts > Chart of Accounts > Define Chart of Accounts.
  Here, you can create a new chart of accounts or modify an existing one.
  
  
  
  Assign Chart of Accounts to Company Code:
  
  Navigate to: Financial Accounting (New) > General Ledger Accounting (New) > Master Data > G/L Accounts > Chart of Accounts > Assign Company Code to Chart of Accounts.
  Assign the appropriate chart of accounts to the relevant company code.
  
  
  
  Check Company Code Settings:
  
  Ensure that the company code is correctly set up and active. You can check this in the same configuration area under Define Company Code.
  
  
  
  Testing:
  
  After making the necessary changes, try to perform the transaction or report again to see if the error persists.
  
  
  
  Related Information:
  
  Transaction Codes: You may find it useful to know the transaction codes related to these configurations:
  
  OBY6: Assign Company Code to Chart of Accounts
  OBD4: Define Chart of Accounts
  OBY1: Define Company Code
  
  
  Documentation: Refer to SAP Help documentation for detailed steps and explanations regarding the configuration of charts of accounts and company codes.
  User Roles: Ensure that you have the necessary authorizations to make these changes in the system.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP Basis or Financial Accounting team for further assistance.