How To Fix FINS_CFIN_BC_REPORT112 - No deferred tax rule assigned to company code &1.

FINS_CFIN_BC_REPORT112 - Overview

• Message type: E = Error

• Message class: FINS_CFIN_BC_REPORT - Business Configuration Validations of Report

• Message number: 112

• Message text: No deferred tax rule assigned to company code &1.

What causes this issue?

There is no deferred tax rule assigned to company code &V1& in the
source system or Central Finance System. In both systems a deferred tax
rule must be assigned.

System Response

How to fix this error?

Procedure for System Administrators

In the Central Finance system, check the deferred tax rule assigned to
company code &V1& in<DS>
<DS:SIMG.V_T001_DEF>Assign Deferred Tax Rules to Company Code</> </>
Customizing activity and compare the value with the source system.
Consider that there might be a mapping defined for company code in the
Central Finance System.

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

Error message extract from SAP system. Copyright SAP SE.

FINS_CFIN_BC_REPORT112 - Details

• The SAP error message FINS_CFIN_BC_REPORT112 indicates that there is no deferred tax rule assigned to the specified company code. This error typically arises in the context of financial reporting and tax calculations, particularly when dealing with deferred taxes in the SAP system.
  
  Cause:
  
  Missing Configuration: The most common cause of this error is that the deferred tax rules have not been configured for the specified company code in the system.
  Incorrect Company Code: The company code specified in the error message may not have the necessary tax rules set up.
  Data Migration Issues: If data has been migrated from another system, the deferred tax rules may not have been transferred correctly.
  Changes in Tax Regulations: Changes in tax regulations may require updates to the deferred tax rules, which may not have been implemented.
  
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to Financial Accounting (New) > Financial