How To Fix FICA_COLIABILITY_OBJ041 - Company code &1 not valid for co-liability

SAP Error Message - Details

• Message type: E = Error

• Message class: FICA_COLIABILITY_OBJ - Debt Object Messages

• Message number: 041

• Message text: Company code &1 not valid for co-liability

What causes this issue?

The company code used is not defined in Customzing for the component
<LS>Contract Accounts Receivable and Payable</>.

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?

Define the Customizing settings for the company code under <LS>SAP
Customizing Implementation Guide -> Financial Accounting (New) ->
Contract Accounts Receivable and Payable -> Organizational Units -> Set
Up Company Codes for Contract Accounts Receivable and Payable.</>

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FICA_COLIABILITY_OBJ041 - Company code &1 not valid for co-liability ?

  The SAP error message FICA_COLIABILITY_OBJ041 indicates that the specified company code is not valid for co-liability in the context of Financial Contract Accounting (FICA). This error typically arises when there is an attempt to process a transaction that involves co-liability, but the company code in question is not set up correctly to handle such transactions.
  Cause:
  
  Company Code Configuration: The company code may not be configured to allow co-liability. This could be due to missing settings in the configuration for Financial Accounting (FI) or Contract Accounts Receivable and Payable (FI-CA).
  Master Data Issues: The master data for the company code may not be properly maintained, or the relevant settings for co-liability may not be activated.
  Transaction Context: The transaction being processed may not be appropriate for the specified company code, or it may not meet the criteria for co-liability.
  
  Solution:
  
  
  Check Company Code Configuration:
  
  Go to the configuration settings in SAP and verify that the company code is set up to allow co-liability. This can typically be found in the Customizing settings under Financial Accounting (FI) > Contract Accounts Receivable and Payable > Basic Functions > Co-liability.
  Ensure that the necessary settings for co-liability are activated for the company code in question.
  
  
  
  Review Master Data:
  
  Check the master data for the company code to ensure that all relevant fields and settings are correctly maintained. This includes checking the settings for the business partner or customer accounts associated with the company code.
  
  
  
  Transaction Validation:
  
  Ensure that the transaction you are trying to process is valid for the company code. Review the transaction type and ensure it is compatible with co-liability processing.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on co-liability settings and requirements.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the configuration and master data, consider reaching out to SAP support for further assistance. They may provide insights specific to your system configuration.
  
  
  
  Related Information:
  
  Co-liability in FICA: Co-liability allows multiple parties to be liable for a single account or transaction. This is often used in scenarios where multiple entities share responsibility for a debt or obligation.
  Transaction Types: Different transaction types in FICA may have specific requirements regarding co-liability. Ensure that the transaction type you are using is compatible with the co-liability settings.
  SAP Notes: Check for any relevant SAP Notes that may address known issues or provide additional guidance on configuring co-liability.
  
  By following these steps, you should be able to identify the cause of the error and implement the necessary solutions to resolve it.