How To Fix FI648 - Company code &: assigned status profile does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: FI - TR-FM Funds Management

• Message number: 648

• Message text: Company code &: assigned status profile does not exist

What causes this issue?

The status profile &V3& in FM area &V2&, which is assigned to company
code &V1&, does not exist.

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?

Enter a status profile in the Funds Management implementation guide and
assign it to the FM area.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FI648 - Company code &: assigned status profile does not exist ?

  The SAP error message FI648 indicates that the company code you are trying to work with does not have an assigned status profile. This can occur in various financial transactions or configurations within the SAP system, particularly in the Financial Accounting (FI) module.
  Cause:
  
  Missing Status Profile: The company code has not been assigned a status profile in the system.
  Configuration Issues: The status profile may have been deleted or not properly configured.
  Incorrect Company Code: The company code entered may be incorrect or not properly set up in the system.
  
  Solution:
  To resolve the FI648 error, follow these steps:
  
  
  Check Company Code Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO (SAP Project Reference Object) > Financial Accounting > General Ledger Accounting > Master Data > G/L Accounts > Preparation > Define Status Profiles.
  Ensure that a status profile is defined and that it is correctly configured.
  
  
  
  Assign Status Profile to Company Code:
  
  In the same SPRO path, navigate to Assign Status Profiles to Company Codes.
  Check if the relevant company code is listed and if a status profile is assigned to it.
  If not, assign an appropriate status profile to the company code.
  
  
  
  Verify Company Code:
  
  Ensure that you are using the correct company code in your transaction.
  You can check the company code settings in Transaction OX02 (Change Company Code).
  
  
  
  Check for Transport Issues:
  
  If the configuration was recently transported from another system, ensure that the transport was successful and that all necessary configurations were included.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP Basis or FI consultant for any specific configurations that may be required for your organization.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OX02: Change Company Code
  SPRO: SAP Project Reference Object
  
  
  Status Profiles: These are used to control the status of G/L accounts and can affect how accounts are managed in the system.
  SAP Notes: Check for any relevant SAP Notes that may address this issue or provide additional guidance.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in Financial Accounting.