How To Fix FAA_CFG_CHECK026 - No accounting principle assigned to ledger &1 and company code &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FAA_CFG_CHECK - Message Class for consistency check of CFG objects

• Message number: 026

• Message text: No accounting principle assigned to ledger &1 and company code &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FAA_CFG_CHECK026 - No accounting principle assigned to ledger &1 and company code &2 ?

  The SAP error message FAA_CFG_CHECK026 indicates that there is no accounting principle assigned to a specific ledger and company code combination in the Asset Accounting (FI-AA) module. This error typically arises during the configuration or posting processes when the system cannot find the necessary accounting principles for the specified ledger and company code.
  Cause:
  
  Missing Configuration: The accounting principle has not been assigned to the ledger for the specified company code in the Asset Accounting configuration.
  Incorrect Ledger Settings: The ledger may not be properly set up to use the required accounting principles.
  Company Code Issues: The company code may not be correctly configured to use the specified ledger.
  
  Solution:
  To resolve this error, follow these steps:
  
  
  Check Configuration:
  
  Go to the SAP Easy Access screen and navigate to the following path:
  SPRO -> Financial Accounting -> Asset Accounting -> Integration with General Ledger -> Define Accounting Principles
  
  Ensure that the accounting principle is assigned to the correct ledger and company code.
  
  
  
  Assign Accounting Principles:
  
  If the accounting principle is missing, you need to assign it:
  
  Select the appropriate ledger and company code.
  Assign the required accounting principle to the ledger.
  
  
  
  
  
  Verify Ledger Settings:
  
  Check the ledger settings to ensure that it is configured to use the correct accounting principles.
  Navigate to:
  SPRO -> Financial Accounting -> General Ledger -> Master Data -> G/L Account -> Prepare G/L Account Creation
  
  Ensure that the ledger is correctly linked to the accounting principles.
  
  
  
  Check Company Code Configuration:
  
  Ensure that the company code is properly set up to use the ledger in question.
  Navigate to:
  SPRO -> Financial Accounting -> General Ledger -> Master Data -> G/L Account -> Prepare G/L Account Creation
  
  Verify that the company code is correctly configured.
  
  
  
  Testing:
  
  After making the necessary changes, try to post the transaction again to see if the error persists.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OBY6 (for company code settings) and OBA7 (for ledger settings) to check and modify configurations.
  Documentation: Refer to SAP Help documentation for detailed steps on configuring Asset Accounting and General Ledger settings.
  Support: If the issue persists after checking the configurations, consider reaching out to your SAP support team or consulting SAP Notes for any known issues related to this error.
  
  By following these steps, you should be able to resolve the FAA_CFG_CHECK026 error and ensure that the accounting principles are correctly assigned to the ledger and company code.