How To Fix FARR_FOUNDATION375 - Company code &1 is not defined for any accounting princle.

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_FOUNDATION - Revenue Accounting - Foundation

• Message number: 375

• Message text: Company code &1 is not defined for any accounting princle.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_FOUNDATION375 - Company code &1 is not defined for any accounting princle. ?

  The SAP error message FARR_FOUNDATION375 indicates that the specified company code is not defined for any accounting principle in the system. This error typically occurs in the context of Asset Accounting (FI-AA) when trying to perform operations related to asset management.
  Cause:
  
  Missing Configuration: The company code has not been assigned to any accounting principle in the Asset Accounting configuration.
  Incorrect Company Code: The company code specified in the transaction may be incorrect or does not exist in the system.
  Inactive Accounting Principles: The accounting principles that should be associated with the company code may be inactive or not properly configured.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Company Code Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO (Customizing) ? Financial Accounting ? Asset Accounting ? Integration ? Define Accounting Principles.
  Ensure that the company code in question is assigned to the appropriate accounting principles.
  
  
  
  Assign Accounting Principles:
  
  If the company code is not assigned to any accounting principle, you need to assign it.
  In the same configuration path, select the relevant accounting principles and assign them to the company code.
  
  
  
  Verify Company Code:
  
  Double-check the company code you are using in your transaction to ensure it is correct and exists in the system.
  
  
  
  Check for Inactive Accounting Principles:
  
  Ensure that the accounting principles you want to use are active and properly configured.
  
  
  
  Consult Documentation:
  
  If you are unsure about the configuration steps, refer to the SAP documentation or consult with your SAP Basis or FI-AA consultant for assistance.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OAYZ (for defining accounting principles) and OAYP (for assigning accounting principles to company codes) to navigate directly to the relevant configuration areas.
  SAP Notes: Check for any relevant SAP Notes that might address specific issues or provide additional guidance related to this error message.
  User Authorizations: Ensure that you have the necessary authorizations to make changes in the configuration settings.
  
  By following these steps, you should be able to resolve the error message FARR_FOUNDATION375 and ensure that your company code is properly configured for asset accounting.