How To Fix FICORE704 - Tax code & in procedure & is invalid

FICORE704 - Overview

• Message type: E = Error

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

• Message number: 704

• Message text: Tax code & in procedure & is invalid

What causes this issue?

The tax code entered is not defined in the country for this company
code.

System Response

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

INCLUDE FI_NA_CUST
Check whether the required tax determination procedure is assigned to
the relevant country. the <LS>Procedure</> field is in the detail
screen.
Create a new tax code if required.

Error message extract from SAP system. Copyright SAP SE.

FICORE704 - Details

• The SAP error message FICORE704 indicates that there is an issue with the tax code being used in a financial transaction. Specifically, the message states that the tax code is invalid in the context of the procedure being executed. This can occur in various scenarios, such as during invoice processing, payment processing, or when posting accounting documents.
  Causes:
  
  Invalid Tax Code: The tax code specified in the transaction does not exist in the system or is not defined correctly.
  Tax Code Configuration: The tax code may not be configured for the specific transaction type or country.
  Inactive Tax Code: The tax code might be inactive or not available for the current fiscal year or period.
  Missing Tax Jurisdiction: If the tax code is jurisdiction-specific, it may not be set up for the relevant jurisdiction.
  Incorrect Posting Period: The tax code may not be valid for the posting period being used.
  
  Solutions:
  
  
  Check Tax Code Configuration:
  
  Go to the transaction