How To Fix FIGLCN_DFS_MSG001 - Chart of accounts does not exist. Enter a valid company code.

SAP Error Message - Details

• Message type: E = Error

• Message class: FIGLCN_DFS_MSG -

• Message number: 001

• Message text: Chart of accounts does not exist. Enter a valid company code.

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 FIGLCN_DFS_MSG001 - Chart of accounts does not exist. Enter a valid company code. ?

  The SAP error message FIGLCN_DFS_MSG001 indicates that the system cannot find a valid chart of accounts for the specified company code. This typically occurs when you are trying to perform a financial transaction or access financial data for a company code that has not been properly configured with a chart of accounts.
  Cause:
  
  Missing Chart of Accounts: The specified company code does not have an associated chart of accounts.
  Incorrect Company Code: The company code entered may be incorrect or does not exist in the system.
  Configuration Issues: The chart of accounts may not have been assigned to the company code during the configuration process.
  Data Migration Issues: If data was migrated from another system, the chart of accounts may not have been set up correctly.
  
  Solution:
  
  
  Check Company Code Configuration:
  
  Go to the transaction code OBY6 (or navigate through the menu: SPRO > Financial Accounting > General Ledger > Master Data > G/L Accounts > Prepare for G/L Account Creation).
  Verify that the company code in question is listed and has a chart of accounts assigned.
  
  
  
  Assign Chart of Accounts:
  
  If the chart of accounts is missing, you can assign it by using the transaction code OBY6.
  Select the company code and assign the appropriate chart of accounts.
  
  
  
  Verify Chart of Accounts:
  
  Ensure that the chart of accounts you are trying to use is active and correctly configured.
  You can check this using transaction code OB13 to view the chart of accounts.
  
  
  
  Check for Data Migration Issues:
  
  If the system was recently migrated, ensure that all necessary configurations were completed, including the assignment of charts of accounts to company codes.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP Basis or Financial Accounting team for any specific configurations that may be required for your organization.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OBY6: Assign Company Code to Chart of Accounts
  OB13: Define Chart of Accounts
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to this error message.
  User Roles: Ensure that the user has the necessary permissions to view and modify company code and chart of accounts settings.
  
  By following these steps, you should be able to resolve the error message and ensure that the company code is properly configured with a valid chart of accounts.