How To Fix FI314 - Incorrect account assignment: No FM area assigned to company code &

SAP Error Message - Details

• Message type: E = Error

• Message class: FI - TR-FM Funds Management

• Message number: 314

• Message text: Incorrect account assignment: No FM area assigned to company code &

What causes this issue?

You have entered an account assignment (commimtent item, funds center
or fund). However, no FM area is assigned to company code &V1&.

System Response

Posting cannot be made.

How to fix this error?

Assign an FM area to company code &V1& or check your entry.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FI314 - Incorrect account assignment: No FM area assigned to company code & ?

  The SAP error message FI314 ("Incorrect account assignment: No FM area assigned to company code &") typically occurs in the context of Financial Accounting (FI) and Funds Management (FM) when there is an attempt to post a transaction that requires a Funds Management area, but the company code involved does not have a corresponding FM area assigned.
  Cause:
  
  Missing FM Area Assignment: The primary cause of this error is that the company code does not have an FM area assigned in the system. This is necessary for any transactions that involve funds management.
  Configuration Issues: There may be a misconfiguration in the system settings related to the integration of FI and FM modules.
  Transaction Type: The transaction being processed may require an FM area, but the company code is not set up to handle such transactions.
  
  Solution:
  To resolve the FI314 error, follow these steps:
  
  
  Check FM Area Assignment:
  
  Go to the SAP transaction code OBY6 (or navigate through the menu: SPRO > Financial Accounting > Financial Accounting Global Settings > Assign FM Area to Company Code).
  Verify if the company code in question has an FM area assigned. If not, you will need to assign an FM area to the company code.
  
  
  
  Assign FM Area:
  
  If the FM area is missing, you can create a new FM area or assign an existing one to the company code.
  Ensure that the FM area is properly configured to meet the requirements of your organization.
  
  
  
  Check Configuration:
  
  Review the configuration settings for both the FI and FM modules to ensure they are correctly integrated.
  Make sure that all necessary settings related to account assignments and fund management are properly configured.
  
  
  
  Test the Transaction:
  
  After making the necessary changes, attempt to reprocess the transaction that generated the error to confirm that the issue has been resolved.
  
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  OBY6: Assign FM Area to Company Code
  FMX1: Create FM Area
  FMX2: Change FM Area
  FMX3: Display FM Area
  
  
  
  Documentation: Refer to SAP Help documentation for detailed guidance on configuring Funds Management and Financial Accounting integration.
  
  
  User Roles: Ensure that the user attempting to make the changes has the necessary authorizations to modify company code and FM area assignments.
  
  
  Testing Environment: It is advisable to test any changes in a development or quality assurance environment before applying them to the production system to avoid disruptions.
  
  
  By following these steps, you should be able to resolve the FI314 error and ensure that your company code is properly set up for transactions involving Funds Management.