How To Fix FC702 - Company code &1 does not belong to chart of accounts &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FC - FI configuration error messages

• Message number: 702

• Message text: Company code &1 does not belong to chart of accounts &2

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FC702 - Company code &1 does not belong to chart of accounts &2 ?

  The SAP error message FC702 indicates that there is a mismatch between the company code and the chart of accounts in your SAP system. Specifically, it means that the company code you are trying to use is not assigned to the specified chart of accounts.
  Cause:
  
  Incorrect Company Code: The company code you are trying to use does not belong to the chart of accounts you have specified.
  Configuration Issue: The chart of accounts may not be properly assigned to the company code in the system configuration.
  Data Entry Error: There may be a typographical error in the company code or chart of accounts being referenced.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Company Code Assignment:
  
  Go to the SAP transaction code OBY6 (or navigate through the menu: SPRO > Financial Accounting > General Ledger > Master Data > G/L Accounts > Prepare G/L Account Creation > Assign Company Code to Chart of Accounts).
  Verify that the company code in question is assigned to the correct chart of accounts.
  
  
  
  Assign Chart of Accounts:
  
  If the company code is not assigned to the chart of accounts, you will need to assign it. You can do this in the same configuration area mentioned above.
  Ensure that the chart of accounts you want to use is correctly linked to the company code.
  
  
  
  Verify Data Entry:
  
  Double-check the entries you are making to ensure that there are no typographical errors in the company code or chart of accounts.
  
  
  
  Consult Documentation:
  
  If you are unsure about the correct chart of accounts or company code, consult your organization's documentation or reach out to your SAP administrator for guidance.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to ensure that the error has been resolved.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OBY6 - Assign Company Code to Chart of Accounts
  OBD2 - Define Chart of Accounts
  
  
  SAP Notes: Check SAP Notes for any specific issues related to your version of SAP that may provide additional insights or solutions.
  User Roles: Ensure that you have the necessary permissions to make changes to the configuration settings in SAP.
  
  By following these steps, you should be able to resolve the FC702 error and ensure that your company code is correctly linked to the appropriate chart of accounts.