How To Fix FIQA_LOC002 - Company code &1 does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: FIQA_LOC - FI Localization for Qatar

• Message number: 002

• Message text: Company code &1 does not exist

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FIQA_LOC002 - Company code &1 does not exist ?

  The SAP error message FIQA_LOC002 indicates that the specified company code does not exist in the system. This error typically arises in the context of financial accounting or when trying to perform transactions related to a specific company code.
  Cause:
  
  Incorrect Company Code: The company code you are trying to use may have been entered incorrectly, or it may not exist in the system.
  Company Code Not Created: The company code may not have been created in the SAP system.
  Authorization Issues: The user may not have the necessary authorizations to access the specified company code.
  Data Migration Issues: If data has been migrated from another system, the company code may not have been properly transferred or configured.
  
  Solution:
  
  Verify Company Code: Check the company code you are trying to use. Ensure that it is entered correctly and matches the format expected by the system.
  Check Company Code Configuration:
  
  Go to the SAP transaction code OBY6 (or SPRO -> Financial Accounting -> General Settings -> Company Code -> Define Company Code) to see if the company code exists.
  If it does not exist, you may need to create it.
  
  
  Create Company Code:
  
  If the company code is missing, you can create it using the transaction code OBY6. Ensure that all necessary details are filled in correctly.
  
  
  Authorization Check: Ensure that the user has the necessary authorizations to access the company code. This can be checked with your SAP security team.
  Consult with IT Support: If you are unsure about the configuration or if the issue persists, consult with your SAP support team or IT department for further assistance.
  
  Related Information:
  
  Transaction Codes: 
  
  OBY6: Define Company Code
  SPRO: Access the SAP Reference IMG for configuration
  
  
  Documentation: Refer to SAP Help documentation for detailed steps on managing company codes and financial accounting settings.
  User Roles: Ensure that the user roles and profiles are correctly assigned to allow access to the required company codes.
  
  By following these steps, you should be able to resolve the FIQA_LOC002 error and ensure that the company code is correctly configured in your SAP system.