How To Fix FI677 - Company code &: assigned update profile does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: FI - TR-FM Funds Management

• Message number: 677

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

What causes this issue?

Update 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?

Assign an update profile to the FM area in the Funds Management
implementation guide.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FI677 - Company code &: assigned update profile does not exist ?

  The SAP error message FI677 indicates that there is an issue with the update profile assigned to a company code in the Financial Accounting (FI) module. Specifically, it means that the system cannot find the update profile that has been assigned to the specified company code.
  Cause:
  
  Missing Update Profile: The update profile assigned to the company code does not exist in the system.
  Incorrect Configuration: The company code may have been incorrectly configured, leading to an assignment of a non-existent update profile.
  Transport Issues: If the configuration was transported from another system, the update profile may not have been included in the transport request.
  Data Consistency Issues: There may be inconsistencies in the configuration data, possibly due to manual changes or errors during system upgrades.
  
  Solution:
  
  
  Check Update Profile Assignment:
  
  Go to the transaction code OBY6 (or navigate through the menu: Financial Accounting > General Ledger > Master Data > Company Code > Edit, Copy, Delete, Check Company Code).
  Verify the update profile assigned to the company code in question.
  
  
  
  Create or Assign a Valid Update Profile:
  
  If the update profile does not exist, you can create a new one using transaction code OBY1 (or navigate through the menu: Financial Accounting > General Ledger > Master Data > Update Profile > Define Update Profiles).
  Assign the newly created or an existing valid update profile to the company code.
  
  
  
  Check Transport Requests:
  
  If the issue arose after a transport, ensure that the update profile was included in the transport request. If not, you may need to transport it again.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or notes related to update profiles and company code configuration for any additional guidance.
  
  
  
  System Check:
  
  If the issue persists, consider running a consistency check on the configuration or consult with your SAP Basis team to ensure that there are no underlying system issues.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OBY6: To check and edit company code settings.
  OBY1: To define and manage update profiles.
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  
  
  User Roles: Ensure that you have the necessary authorizations to make changes to company code settings and update profiles.
  
  
  By following these steps, you should be able to resolve the FI677 error and ensure that the company code is correctly configured with a valid update profile.