How To Fix FAGL_MIG321 - No debit/credit indicator exists for company code &1, account &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FAGL_MIG - Migration to New General Ledger Accounting

• Message number: 321

• Message text: No debit/credit indicator exists for company code &1, account &2

Self-Explanatory Message

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• What is the cause and solution for SAP error message FAGL_MIG321 - No debit/credit indicator exists for company code &1, account &2 ?

  The SAP error message FAGL_MIG321 indicates that there is no debit/credit indicator defined for a specific company code and account combination. This error typically arises during the migration of financial data, particularly when using the New General Ledger (New GL) functionality in SAP.
  Cause:
  
  Missing Configuration: The debit/credit indicator is not set up for the specified account in the company code. This can happen if the account was created without the necessary settings or if the configuration was not properly migrated.
  Account Type: The account type may not be compatible with the debit/credit indicator settings. For example, certain account types may not require a debit/credit indicator.
  Data Migration Issues: If you are migrating data from an older version of SAP or from another system, the necessary indicators may not have been transferred correctly.
  
  Solution:
  
  
  Check Account Configuration:
  
  Go to the transaction code FS00 (G/L Account Master Record) and check the account settings for the specified company code.
  Ensure that the debit/credit indicator is defined for the account. You can do this by navigating to the "Control Data" tab and looking for the "Debit/Credit Indicator" field.
  
  
  
  Define Debit/Credit Indicator:
  
  If the indicator is missing, you can define it by editing the G/L account master record. Make sure to set the appropriate debit/credit indicator based on your business requirements.
  
  
  
  Review Migration Settings:
  
  If you are performing a migration, review the migration settings and ensure that all necessary configurations are in place. This may involve checking the migration tools or programs you are using.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or notes related to the New GL migration process for any specific instructions or requirements regarding debit/credit indicators.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error does not occur again.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  FS00: G/L Account Master Record
  OBY6: Define Company Code
  OBD2: Define G/L Account for Document Types
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on configuring debit/credit indicators.
  
  
  New GL Migration: Familiarize yourself with the New General Ledger migration process, as it may have specific requirements for account configurations.
  
  
  By following these steps, you should be able to resolve the FAGL_MIG321 error and ensure that your G/L accounts are properly configured for transactions.