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

FI648 - Overview

• 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.

FI648 - Details

• 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