How To Fix FINS_IC_CUST002 - Enter a valid ledger and company code combination.

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_IC_CUST - Manage Currencies: Customizing

• Message number: 002

• Message text: Enter a valid ledger and company code combination.

What causes this issue?

In this project, the combination of ledger &V1& and company code &V2& is
used in the Customizing activity
<DS:SIMG.FINSVC_IC_PROJ>Create Project for Managing Currencies</>.
However, this combination doesn't exist in the general ledger
configuration.

System Response

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

How to fix this error?

You can check and correct the company code assignments for ledger &V1&
in the Customizing activity
<DS:SIMG.FINSVC_LEDGER>Define Settings for Ledgers and Currency Types
</>.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_IC_CUST002 - Enter a valid ledger and company code combination. ?

  The SAP error message FINS_IC_CUST002 indicates that there is an issue with the combination of the ledger and company code you are trying to use in your transaction. This error typically arises in the context of intercompany transactions or when working with financial documents that require specific configurations.
  Cause:
  
  Invalid Ledger/Company Code Combination: The combination of the ledger and company code you are trying to use does not exist or is not valid in the system.
  Configuration Issues: The ledger may not be assigned to the company code in the configuration settings.
  Missing Master Data: The necessary master data for the ledger or company code may not be set up correctly.
  Authorization Issues: The user may not have the necessary authorizations to access the specified ledger or company code.
  
  Solution:
  
  
  Check Configuration:
  
  Go to the configuration settings in SAP (Transaction Code: SPRO).
  Navigate to Financial Accounting (New) > General Ledger Accounting (New) > Master Data > G/L Accounts > Preparation > Define Company Code and Ledger Assignment.
  Ensure that the ledger is correctly assigned to the company code you are using.
  
  
  
  Verify Ledger and Company Code:
  
  Double-check the ledger and company code you are entering in the transaction. Make sure they are valid and exist in the system.
  You can use Transaction Code: OB22 to view the list of ledgers and their assignments.
  
  
  
  Check Master Data:
  
  Ensure that all necessary master data (like G/L accounts) is set up for the specified ledger and company code.
  
  
  
  User Authorizations:
  
  Verify that the user has the necessary authorizations to access the specified ledger and company code. This can be checked with the help of your SAP security team.
  
  
  
  Consult Documentation:
  
  If the issue persists, consult SAP documentation or reach out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  SPRO (Configuration)
  OB22 (View Ledger Assignments)
  
  
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional troubleshooting steps.
  User Forums: Consider checking SAP community forums or user groups for similar issues and solutions shared by other users.
  
  By following these steps, you should be able to identify and resolve the issue causing the FINS_IC_CUST002 error message.