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

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_CFIN_BC_REPORT112 - No deferred tax rule assigned to company code &1. ?

  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 Accounting Global Settings > Tax on Sales/Purchases > Deferred Taxes.
  Ensure that the deferred tax rules are defined for the relevant company code.
  
  
  
  Assign Deferred Tax Rules:
  
  If the rules are not assigned, you will need to create or assign the appropriate deferred tax rules to the company code.
  Make sure that the rules align with the local tax regulations and the company's accounting policies.
  
  
  
  Review Company Code Settings:
  
  Verify that the company code is correctly set up and that all necessary configurations are in place.
  Check if the company code is active and properly linked to the relevant controlling area.
  
  
  
  Test the Configuration:
  
  After making the necessary changes, run the report or transaction again to see if the error persists.
  It may be helpful to test with a few transactions to ensure that the deferred tax calculations are working as expected.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or notes related to deferred tax configurations for any additional guidance or updates.
  
  
  
  Seek Help from SAP Support:
  
  If the issue persists after checking the configuration, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OBY6 (for company code settings) or OBD2 (for tax codes) to access the relevant configuration areas.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to deferred tax configurations.
  User Roles: Ensure that you have the necessary authorizations to make changes to the financial configuration settings.
  
  By following these steps, you should be able to resolve the error message FINS_CFIN_BC_REPORT112 and ensure that your deferred tax rules are correctly assigned to the company code in question.