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

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message FI188 - Parallel profile in company code &1 not maintained ?

  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 Accounting Global Settings -> Company Code -> Define Company Code
  
  Ensure that the company code in question is correctly configured.
  
  
  
  Maintain Parallel Accounting Profile:
  
  Navigate to the following path:
  SPRO -> Financial Accounting -> Financial Accounting Global Settings -> Company Code -> Define Parallel Accounting
  
  Here, you can maintain the parallel accounting profile for the specified company code. If it is not maintained, you will need to create a new entry for the parallel accounting profile.
  
  
  
  Assign the Parallel Accounting Profile:
  
  Ensure that the parallel accounting profile is assigned to the company code. This can be done in the same configuration area where you define the parallel accounting.
  
  
  
  Check for Data Entry Errors:
  
  Verify that the company code you are working with is correctly entered in the transaction or report that triggered the error.
  
  
  
  Consult Documentation:
  
  If you are unsure about the correct settings, refer to SAP documentation or consult with your SAP functional consultant for guidance on the appropriate configuration for your specific business requirements.
  
  
  
  Related Information:
  
  Parallel Accounting: This refers to the ability to maintain multiple sets of financial statements in different accounting principles (e.g., IFRS, GAAP) within the same company code.
  Transaction Codes: You may use transaction codes like OBA7 (for maintaining the parallel accounting settings) or OX15 (for company code settings) to access the relevant configuration screens directly.
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or updates related to this error message.
  
  By following these steps, you should be able to resolve the FI188 error and ensure that your parallel accounting settings are correctly configured for the specified company code.