How To Fix F7116 - Company code & does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: F7 - Program Error Messages

• Message number: 116

• Message text: Company code & does not exist

What causes this issue?

Company code &V1& is not defined in Financial Accounting customizing.

System Response

Processing not possible - termination.

How to fix this error?

Maintain the company code data in customizing.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message F7116 - Company code & does not exist ?

  The SAP error message F7116, which states "Company code & does not exist," typically occurs when you are trying to perform a financial transaction or access data related to a company code that has not been defined in the system. Here’s a breakdown of the cause, potential solutions, and related information:
  Cause:
  
  Non-Existent Company Code: The company code you are trying to use does not exist in the SAP system.
  Incorrect Configuration: The company code may not have been properly configured or activated in the system.
  Authorization Issues: The user may not have the necessary authorizations to access the specified company code.
  Data Entry Error: There may be a typographical error in the company code entered in the transaction.
  
  Solution:
  
  
  Verify Company Code:
  
  Check if the company code you are trying to use is correctly entered. Ensure there are no typos or incorrect characters.
  Use transaction code OBY6 to view the list of existing company codes in the system.
  
  
  
  Create or Activate Company Code:
  
  If the company code does not exist, you may need to create it. This can be done using transaction code OX02 (Define Company Code).
  Ensure that all necessary configurations for the company code are completed, including assigning it to a controlling area, defining fiscal year variants, etc.
  
  
  
  Check Authorizations:
  
  Ensure that the user has the necessary authorizations to access the company code. This can be checked with the help of your SAP security team.
  
  
  
  Consult with SAP Support:
  
  If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting SAP documentation for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OBY6: Display Company Codes
  OX02: Define Company Code
  OBY1: Assign Company Code to Company
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  Documentation: Refer to SAP Help documentation for detailed steps on managing company codes and financial configurations.
  
  By following these steps, you should be able to identify the cause of the error and implement the necessary solutions to resolve it.