How To Fix FI037 - Company code &: assigned FM area & does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: FI - TR-FM Funds Management

• Message number: 037

• Message text: Company code &: assigned FM area & does not exist

What causes this issue?

The FM area &V2& assigned to company code &V1& does not exist.

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?

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FI037 - Company code &: assigned FM area & does not exist ?

  The SAP error message FI037 indicates that there is a mismatch or inconsistency between the company code and the funds management (FM) area in the system. Specifically, it means that the company code you are trying to use is not assigned to the specified FM area.
  Cause:
  
  Missing Assignment: The company code is not assigned to the FM area in the configuration settings.
  Incorrect Configuration: The FM area may have been deleted or not properly configured in relation to the company code.
  Data Entry Error: There may be a typographical error in the company code or FM area being used in the transaction.
  
  Solution:
  To resolve the FI037 error, follow these steps:
  
  
  Check Assignment:
  
  Go to the SAP transaction code OBY6 (or navigate through the menu: SPRO > Financial Accounting > Funds Management > Master Data > Assign Company Code to FM Area).
  Verify if the company code is correctly assigned to the FM area in question.
  
  
  
  Create Assignment:
  
  If the assignment does not exist, you will need to create it. In the same configuration area, you can assign the company code to the FM area.
  
  
  
  Verify Configuration:
  
  Ensure that the FM area is correctly configured and active. Check if there are any inconsistencies in the configuration settings.
  
  
  
  Check for Typographical Errors:
  
  Double-check the company code and FM area entered in the transaction to ensure there are no mistakes.
  
  
  
  Consult Documentation:
  
  If you are unsure about the configuration, refer to the SAP documentation or consult with your SAP administrator or functional consultant.
  
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  OBY6: Assign Company Code to FM Area
  FMX1: Create FM Area
  FMX2: Change FM Area
  FMX3: Display FM Area
  
  
  
  SAP Notes: Check for any relevant SAP Notes that might address specific issues related to this error message.
  
  
  User Roles: Ensure that you have the necessary authorizations to view and modify the configuration settings.
  
  
  By following these steps, you should be able to resolve the FI037 error and ensure that the company code is properly linked to the FM area in your SAP system.