How To Fix FC424 - Specify company code with country chart of accts maintained

SAP Error Message - Details

• Message type: E = Error

• Message class: FC - FI configuration error messages

• Message number: 424

• Message text: Specify company code with country chart of accts maintained

What causes this issue?

In company code &V1& the country chart of accounts field has not been
maintained. This function, however, requires a reference company code,
for which a chart of accounts has been defined and for whose accounts
an alternative account number has been defined.

How to fix this error?

Check your entries.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FC424 - Specify company code with country chart of accts maintained ?

  The SAP error message FC424 ("Specify company code with country chart of accounts maintained") typically occurs when you are trying to perform a financial transaction or access a financial report without having a valid company code that is associated with a country-specific chart of accounts. This error is often encountered in the context of financial accounting (FI) modules.
  Cause:
  
  Missing Company Code: The company code you are trying to use is not defined in the system or is not linked to a chart of accounts.
  Incorrect Chart of Accounts: The chart of accounts assigned to the company code does not match the country-specific requirements.
  Configuration Issues: There may be configuration issues in the Financial Accounting module where the company code is not properly set up.
  Data Entry Error: The user may have entered an incorrect company code or chart of accounts.
  
  Solution:
  
  
  Check Company Code Configuration:
  
  Go to the transaction code OBY6 (or navigate through the menu: SPRO > Financial Accounting > Financial Accounting Global Settings > Company Code > Edit, Copy, Delete, Check Company Code).
  Ensure that the company code is correctly defined and is active.
  
  
  
  Verify Chart of Accounts:
  
  Check if the chart of accounts assigned to the company code is appropriate for the country.
  You can do this by navigating to OB13 (or through SPRO > Financial Accounting > General Ledger > Master Data > G/L Accounts > Edit Chart of Accounts).
  Ensure that the chart of accounts is maintained for the relevant country.
  
  
  
  Assign Chart of Accounts to Company Code:
  
  If the chart of accounts is not assigned to the company code, you can do this in the same configuration area where you check the company code.
  Use transaction code OBY6 to assign the correct chart of accounts to the company code.
  
  
  
  Check User Input:
  
  Ensure that the user is entering the correct company code in the transaction. Sometimes, a simple typo can lead to this error.
  
  
  
  Consult Documentation:
  
  If you are unsure about the configuration, refer to SAP documentation or consult with your SAP Basis or FI consultant for assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBY6, OB13, and FS00 (for G/L account maintenance).
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Roles and Authorizations: Ensure that the user has the necessary authorizations to access the company code and perform the required transactions.
  
  By following these steps, you should be able to resolve the FC424 error and ensure that your company code is properly configured with the appropriate chart of accounts.