How To Fix FIQA_LOC702 - Company code &1 does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: FIQA_LOC - FI Localization for Qatar

• Message number: 702

• 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_LOC702 - Company code &1 does not exist ?

  The SAP error message FIQA_LOC702 indicates that the specified company code does not exist in the system. This error typically arises in the context of financial accounting (FI) or when dealing with transactions that require a valid company code.
  Cause:
  
  Incorrect Company Code: The company code specified in the transaction or configuration does not exist in the SAP system.
  Data Entry Error: There may be a typographical error in the company code entered by the user.
  Company Code Not Created: The company code may not have been created in the system yet.
  Company Code Deactivation: The company code might have been deactivated or deleted from the system.
  Authorization Issues: The user may not have the necessary authorizations to access the specified company code.
  
  Solution:
  
  Verify Company Code: Check the company code entered in the transaction. Ensure that it is correct and matches the existing company codes in the system.
  Check Company Code Configuration:
  
  Go to the transaction code OBY6 (or SPRO -> Financial Accounting -> Financial Accounting Global Settings -> Company Code -> Define Company Code) to see if the company code exists.
  If it does not exist, you may need to create it using the appropriate configuration steps.
  
  
  Create Company Code: If the company code is missing, you can create it by following these steps:
  
  Use transaction code OBY6 to define a new company code.
  Fill in the required details and save the configuration.
  
  
  Check for Deactivation: If the company code exists but is inactive, you may need to reactivate it or check with your SAP administrator.
  Authorization Check: Ensure that the user has the necessary authorizations to access the company code. This can be checked with the security team or by reviewing the user roles and profiles.
  
  Related Information:
  
  Transaction Codes: 
  
  OBY6: Define Company Code
  SPRO: Access the SAP Reference IMG for configuration
  
  
  SAP Notes: Check SAP Notes for any known issues or additional guidance related to this error message.
  Documentation: Review SAP documentation for financial accounting to understand the implications of company codes and their configuration.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or refer to SAP community forums for further assistance.