How To Fix FG162 - No valid chart of accounts found

SAP Error Message - Details

• Message type: E = Error

• Message class: FG - Program Error Messages

• Message number: 162

• Message text: No valid chart of accounts found

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 FG162 - No valid chart of accounts found ?

  The SAP error message FG162 ("No valid chart of accounts found") typically occurs when the system cannot find a valid chart of accounts for the company code or the specific transaction you are trying to execute. This can happen for several reasons, and here are some common causes, solutions, and related information:
  Causes:
  
  Missing Chart of Accounts Assignment: The company code may not be assigned to a valid chart of accounts in the configuration settings.
  Incorrect Company Code: The company code entered may not exist or may not be correctly configured.
  Inactive Chart of Accounts: The chart of accounts may be inactive or not properly set up.
  Data Migration Issues: If data has been migrated from another system, there may be inconsistencies or missing configurations.
  Authorization Issues: The user may not have the necessary authorizations to access the chart of accounts.
  
  Solutions:
  
  
  Check Company Code Configuration:
  
  Go to the transaction code OBY6 (or navigate through the menu: SPRO > Financial Accounting > General Ledger > Master Data > G/L Accounts > Prepare for G/L Account Creation).
  Ensure that the company code is assigned to a valid chart of accounts.
  
  
  
  Verify Chart of Accounts:
  
  Use transaction code OB13 to check if the chart of accounts exists and is active.
  Ensure that the chart of accounts is properly configured and contains the necessary account definitions.
  
  
  
  Review Transaction Data:
  
  Double-check the transaction you are trying to execute to ensure that the correct company code and chart of accounts are being referenced.
  
  
  
  Check User Authorizations:
  
  Ensure that the user has the necessary authorizations to access the chart of accounts. This can be checked in transaction code SU53 or by consulting with your SAP security team.
  
  
  
  Consult with SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for further assistance, especially if this is a production environment.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OBY6: Assign Company Code to Chart of Accounts
  OB13: Define Chart of Accounts
  SU53: Display Authorization Check
  
  
  Documentation: Refer to SAP Help documentation for detailed steps on configuring the chart of accounts and company codes.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to this error message.
  
  By following these steps, you should be able to identify and resolve the issue related to the FG162 error message in SAP.