How To Fix FI188 - Parallel profile in company code &1 not maintained

FI188 - Overview

• Message type: E = Error

• Message class: FI - TR-FM Funds Management

• Message number: 188

• Message text: Parallel profile in company code &1 not maintained

What causes this issue?

You have set the indicator for a further profile on at least one
commitment item in your document.
If you want to use this function, the second profile must be set in
each of your FM areas.

System Response

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

How to fix this error?

Set the second profile in the master data of your FM area.

Error message extract from SAP system. Copyright SAP SE.

FI188 - Details

• The SAP error message FI188, which states "Parallel profile in company code &1 not maintained," typically occurs in the context of financial accounting when there is an issue with the configuration of parallel accounting in the system. This error indicates that the system is unable to find a parallel accounting profile for the specified company code.
  
  Cause:
  
  Missing Configuration: The primary cause of this error is that the parallel accounting profile has not been defined for the specified company code in the system.
  Incorrect Settings: There may be incorrect or incomplete settings in the configuration of the company code or the parallel accounting profiles.
  Data Entry Error: Sometimes, the error can arise from a simple data entry mistake where the company code is incorrectly specified.
  
  
  Solution:
  To resolve the FI188 error, you can follow these steps:
  
  
  Check Company Code Configuration:
  
  Go to the SAP Easy Access screen and navigate to the following path:SPRO -> Financial Accounting -> Financial