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

FICORE505 - Overview

• 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.

Unfortunately, there isn't any extra information in this error notice.

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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