How To Fix FI024 - Company code & without FM area activated for finance update purposes

FI024 - Overview

• Message type: E = Error

• Message class: FI - TR-FM Funds Management

• Message number: 024

• Message text: Company code & without FM area activated for finance update purposes

What causes this issue?

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

System Response

How to fix this error?

In the Implementation Guide (IMG), check the following settings:
which FM areas you have created
which company codes you have assigned to which FM areas
which FM areas you have activated in Funds Management

Error message extract from SAP system. Copyright SAP SE.

FI024 - Details

• The SAP error message FI024 indicates that a company code is being used in a financial transaction without having a corresponding Funds Management (FM) area activated for finance update purposes. This typically occurs in environments where both Financial Accounting (FI) and Funds Management (FM) are used, and the system requires that a company code must have an FM area assigned to it for certain financial operations.
  
  Cause:
  
  FM Area Not Assigned: The company code in question does not have an FM area assigned to it in the system.
  
  Configuration Issues: The configuration settings in the SAP system may not have been set up correctly to link the company code with the FM area.
  Transaction Type: The transaction being executed may require FM integration, which is not available for the specified company code.
  
  
  Solution:
  To resolve the FI024 error, you can follow these steps:
  
  
  Check FM Area Assignment:
  
  Go to the SAP transaction code OBY6 (or navigate through the