How To Fix FICORE024 - Company code & without FM area activated for finance update purposes

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 024

• Message text: Company code & without FM area activated for finance update purposes

What causes this issue?

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

System Response

How to fix this error?

Go to the IMG and check which:
FM areas you have created
Company codes you have assigned to which FM areas
FM areas you have activated in Funds Management or Cash Budget
Management

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FICORE024 - Company code & without FM area activated for finance update purposes ?

  The SAP error message FICORE024 indicates that a company code is not activated for Financial Management (FM) area updates. This typically occurs when you are trying to perform a financial transaction that requires integration with the Funds Management module, but the specified company code does not have the necessary configuration.
  Cause:
  
  Company Code Configuration: The company code in question has not been set up to use Funds Management (FM) functionalities. This means that the system is unable to process financial transactions that require FM area updates.
  Missing Activation: The FM area for the company code is not activated, which is necessary for the system to recognize and process financial updates related to funds management.
  
  Solution:
  To resolve the error, you need to activate the FM area for the specified company code. Here are the steps to do this:
  
  
  Access the Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to the following path: SPRO -> SAP Reference IMG -> Public Sector Management -> Funds Management -> Basic Settings -> Activate Funds Management for Company Code.
  
  
  
  Activate FM for the Company Code:
  
  In the configuration screen, you will see a list of company codes.
  Select the company code that is causing the error.
  Activate the Funds Management area for that company code.
  
  
  
  Check FM Area Settings:
  
  Ensure that the FM area is correctly configured and linked to the company code.
  Verify that all necessary settings related to budget control, commitment management, and other FM functionalities are properly set up.
  
  
  
  Testing:
  
  After making the changes, perform a test transaction that previously resulted in the error to confirm that the issue has been resolved.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as OBY6 (to check company code settings) or FMX1 (to manage FM areas) for further configuration.
  Documentation: Refer to SAP Help documentation for detailed guidance on Funds Management configuration and activation processes.
  User Roles: Ensure that you have the necessary authorizations to make changes to the company code settings in the SAP system.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP Basis or Finance team for further investigation, as there may be additional underlying issues or configurations that need to be addressed.