How To Fix FAA_POST020 - company code &1 is deactivated; Posting not possible

SAP Error Message - Details

• Message type: E = Error

• Message class: FAA_POST - FIAA Posting Messages (Object-Oriented Kernel)

• Message number: 020

• Message text: company code &1 is deactivated; Posting not possible

What causes this issue?

You want to post a transaction in a company code that for Asset
Accounting has the status <LS>Company code deactivated - later reporting
allowed</>.

System Response

Processing is terminated.

How to fix this error?

Check if you are posting to the correct company code.
If you want to post transactions in the company code entered, you must
change its asset company code definition in Customizing. Set the status
of the company code to one of the following values:
<ZH>2</> = <LS>Company code is in test status</> (transactions and
legacy data transfer are allowed in parallel)
<ZH>0</> = <LS>Company code is in production status</> (legacy data
transfer is complete; transactions are allowed)

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FAA_POST020 - company code &1 is deactivated; Posting not possible ?

  The SAP error message FAA_POST020 indicates that the company code specified in the transaction is deactivated, which prevents any postings from being made in that company code. This error typically occurs in the context of asset accounting (FI-AA) when trying to post transactions related to fixed assets.
  Cause:
  
  Deactivated Company Code: The primary cause of this error is that the company code you are trying to post to has been deactivated in the system. This can happen if the company code is no longer in use or has been set to inactive for any reason.
  Configuration Changes: Changes in the configuration settings or the company code status may have led to the deactivation.
  Year-End Closing: If the company code has been closed for the fiscal year, it may also lead to this error.
  
  Solution:
  
  
  Reactivate the Company Code:
  
  Go to the transaction code OBY6 (or use the appropriate path in the SAP menu).
  Check the status of the company code in question.
  If it is deactivated, you can reactivate it by changing the status to active.
  
  
  
  Check Configuration:
  
  Ensure that the company code is properly configured for asset accounting.
  Verify that all necessary settings are in place for the company code to allow postings.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about reactivating the company code, consult with your finance or accounting team to understand the implications of reactivating it.
  
  
  
  Review Year-End Closing:
  
  If the error is occurring due to year-end closing, check if the fiscal year has been closed and if any postings are allowed in the closed year.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OBY6: Company Code Global Data
  OBA7: Company Code Settings
  
  
  Documentation: Refer to SAP Help documentation for detailed information on managing company codes and asset accounting.
  User Roles: Ensure that you have the necessary authorizations to make changes to company code settings.
  
  If the issue persists after checking the above points, it may be necessary to involve your SAP Basis or technical team to investigate further.