How To Fix FICORE016 - Chart of accounts & not defined

SAP Error Message - Details

• Message type: E = Error

• Message class: FICORE - FI Message Class for General Messages

• Message number: 016

• Message text: Chart of accounts & not defined

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FICORE016 - Chart of accounts & not defined ?

  The SAP error message FICORE016 typically indicates that the chart of accounts (CoA) is not defined for the company code you are trying to work with. This error can occur in various financial transactions or when trying to access financial reports.
  Cause:
  
  Missing Chart of Accounts Assignment: The chart of accounts has not been assigned to the company code in the configuration settings.
  Incorrect Company Code: The company code you are using may not be correctly set up or may not exist in the system.
  Configuration Issues: There may be issues in the configuration of the financial accounting module.
  
  Solution:
  To resolve the FICORE016 error, you can follow these steps:
  
  
  Check Company Code Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO (Customizing) > Financial Accounting > General Settings > Define Company Code.
  Ensure that the company code you are working with is correctly defined.
  
  
  
  Assign Chart of Accounts:
  
  In the same SPRO path, navigate to Financial Accounting > General Ledger > Master Data > G/L Accounts > Preparation > Assign Company Code to Chart of Accounts.
  Check if the chart of accounts is assigned to the relevant company code. If not, you will need to assign it.
  
  
  
  Verify Chart of Accounts:
  
  Ensure that the chart of accounts you are trying to use is active and correctly configured.
  You can check this by navigating to Financial Accounting > General Ledger > Master Data > G/L Accounts > G/L Account Creation and verifying the details.
  
  
  
  Check User Authorizations:
  
  Ensure that the user has the necessary authorizations to access the company code and the chart of accounts.
  
  
  
  Consult Documentation:
  
  If the issue persists, consult SAP documentation or reach out to your SAP support team for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: You may find it useful to use transaction codes like OBY6 (to define company codes) and OB13 (to assign chart of accounts) for quick access to the relevant configuration settings.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to this error message.
  Testing: After making changes, perform a test transaction to ensure that the error has been resolved.
  
  By following these steps, you should be able to resolve the FICORE016 error and ensure that your chart of accounts is properly defined for the company code in question.