How To Fix FAR_POSTING_RULES034 - Company Code "&1" does not exist, please enter a valid Company Code.

SAP Error Message - Details

• Message type: E = Error

• Message class: FAR_POSTING_RULES - AR Posting Rules

• Message number: 034

• Message text: Company Code "&1" does not exist, please enter a valid Company Code.

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FAR_POSTING_RULES034 - Company Code "&1" does not exist, please enter a valid Company Code. ?

  The SAP error message FAR_POSTING_RULES034 indicates that the company code you are trying to use does not exist in the system. This error typically occurs in the context of financial accounting or asset accounting when a user attempts to post transactions or perform actions related to a company code that has not been defined in the SAP system.
  Cause:
  
  Incorrect Company Code: The company code entered does not match any existing company codes in the system.
  Company Code Not Created: The company code may not have been created yet in the SAP system.
  Authorization Issues: The user may not have the necessary authorizations to view or use the specified company code.
  Data Entry Error: There may be a typographical error in the company code entered.
  
  Solution:
  
  Verify Company Code: Check the company code you are entering for any typographical errors. Ensure that it is entered correctly.
  Check Existing Company Codes: Use transaction code OBY6 (or navigate to the appropriate menu path) to view the list of existing company codes in the system. Confirm whether the company code you are trying to use exists.
  Create Company Code: If the company code does not exist, you may need to create it. This can be done using transaction code OX02 (or through the appropriate configuration path). Ensure that you have the necessary authorizations to create a company code.
  Authorization Check: If the company code exists but you are still receiving the error, check your user authorizations. You may need to contact your SAP security administrator to ensure you have the necessary permissions to access the company code.
  Consult Documentation: If you are unsure about the company code or its configuration, refer to your organization's SAP documentation or consult with your SAP functional team.
  
  Related Information:
  
  Transaction Codes:
  
  OBY6: Display Company Codes
  OX02: Create/Change Company Code
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to company codes or the error message.
  User Roles: Ensure that the user roles assigned to you include access to the relevant company codes.
  Configuration: Review the configuration settings for company codes in the SAP system to ensure they are set up correctly.
  
  By following these steps, you should be able to resolve the error message and successfully work with the desired company code in SAP.