How To Fix FICORE505 - Chart of accounts & does not exist

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 505

• Message text: Chart of accounts & does not exist

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FICORE505 - Chart of accounts & does not exist ?

  The SAP error message FICORE505 typically indicates that the system is unable to find the specified chart of accounts in the configuration. This error can occur in various financial transactions or when trying to access financial reports.
  Cause:
  
  Missing Chart of Accounts: The specified chart of accounts does not exist in the system.
  Incorrect Configuration: The chart of accounts may not be properly configured or assigned to the company code.
  Data Entry Error: There may be a typo or incorrect entry in the transaction where the chart of accounts is specified.
  Authorization Issues: The user may not have the necessary permissions to access the chart of accounts.
  
  Solution:
  
  
  Check Configuration:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to Financial Accounting (New) > General Ledger Accounting (New) > Master Data > G/L Accounts > Edit Chart of Accounts List.
  Verify that the chart of accounts you are trying to use is listed and correctly configured.
  
  
  
  Assign Chart of Accounts to Company Code:
  
  Ensure that the chart of accounts is assigned to the relevant company code.
  This can be done in SPRO under Financial Accounting (New) > General Ledger Accounting (New) > Master Data > G/L Accounts > Edit Chart of Accounts List.
  
  
  
  Verify Data Entry:
  
  Double-check the transaction or report where the error occurred to ensure that the chart of accounts is entered correctly without any typos.
  
  
  
  Check User Authorizations:
  
  Ensure that the user has the necessary authorizations to access the chart of accounts. This can be checked with the security team or by reviewing the user roles and profiles.
  
  
  
  Consult Documentation:
  
  If the issue persists, consult SAP documentation or reach out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OBY6 to check the assignment of the chart of accounts to company codes.
  SAP Notes: Check for any relevant SAP Notes that might address specific issues related to the chart of accounts.
  User Forums: Consider visiting SAP community forums or user groups for additional insights and solutions from other users who may have encountered similar issues.
  
  By following these steps, you should be able to resolve the FICORE505 error and ensure that the chart of accounts is correctly set up in your SAP system.