How To Fix FI060 - Company code & is not assigned to FM area &

SAP Error Message - Details

• Message type: E = Error

• Message class: FI - TR-FM Funds Management

• Message number: 060

• Message text: Company code & is not assigned to FM area &

What causes this issue?

The company code &, which you have entered, is not assigned to the FM
area &, which you have also entered.

System Response

Function not executed.

How to fix this error?

Assign company code & to FM area &.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FI060 - Company code & is not assigned to FM area & ?

  The SAP error message FI060 indicates that a company code is not assigned to a Funds Management (FM) area. This error typically arises when you are trying to perform a transaction that requires a link between the company code and the FM area, but that link has not been established in the system.
  Cause:
  
  Missing Assignment: The company code you are working with has not been assigned to the specified FM area in the system.
  Configuration Issues: There may be issues in the configuration settings related to Funds Management.
  Incorrect Data Entry: The company code or FM area entered in the transaction may be incorrect or not exist in the system.
  
  Solution:
  To resolve the FI060 error, you need to ensure that the company code is properly assigned to the FM area. Here are the steps to do this:
  
  
  Access the Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to the following path: SPRO -> SAP Reference IMG -> Public Sector Management -> Funds Management -> Master Data -> Assign Company Code to FM Area.
  
  
  
  Assign Company Code to FM Area:
  
  In the configuration screen, you will see a list of company codes and FM areas.
  Check if the company code in question is listed under the appropriate FM area.
  If it is not assigned, you can create a new assignment by selecting the company code and the FM area you want to link.
  
  
  
  Save Changes: After making the necessary assignments, save your changes.
  
  
  Check for Other Issues: If the error persists, double-check:
  
  That you are using the correct company code and FM area.
  That there are no other configuration issues in the Funds Management settings.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OBY6 (for company code settings) and FMX1 (for FM area settings) to check configurations.
  Documentation: Refer to SAP Help documentation for detailed guidance on Funds Management configuration.
  User Authorizations: Ensure that you have the necessary authorizations to make changes in the configuration settings.
  
  By following these steps, you should be able to resolve the FI060 error and successfully link the company code to the FM area. If issues persist, consider consulting with your SAP Basis or functional team for further assistance.