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

FICA_COLIABILITY_OBJ041 - Overview

• 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.

FICA_COLIABILITY_OBJ041 - Details

• 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