How To Fix FIS_FIN_GL014 - No accounting principle assigned for company code &1 / Ledger &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FIS_FIN_GL -

• Message number: 014

• Message text: No accounting principle assigned for company code &1 / Ledger &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FIS_FIN_GL014 - No accounting principle assigned for company code &1 / Ledger &2 ?

  The SAP error message FIS_FIN_GL014 indicates that there is no accounting principle assigned for a specific company code and ledger. This error typically arises when you are trying to perform a financial transaction or posting in a company code that does not have a defined accounting principle for the specified ledger.
  Cause:
  
  Missing Configuration: The accounting principle has not been assigned to the company code and ledger in the system.
  Incorrect Ledger: The ledger you are trying to use may not be correctly set up or may not be intended for the company code in question.
  Data Migration Issues: If data has been migrated from another system, the necessary configurations may not have been carried over correctly.
  
  Solution:
  To resolve this error, you need to assign an accounting principle to the relevant company code and ledger. Here are the steps to do this:
  
  
  Access the Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO (SAP Project Reference Object) > Financial Accounting (New) > General Ledger Accounting (New) > Master Data > G/L Accounts > Preparation > Define Accounting Principles.
  
  
  
  Assign Accounting Principles:
  
  In the configuration menu, look for the option to assign accounting principles to company codes and ledgers.
  Select the relevant company code and ledger.
  Assign the appropriate accounting principle (e.g., IFRS, GAAP, etc.) to the combination of company code and ledger.
  
  
  
  Check Ledger Settings:
  
  Ensure that the ledger you are using is correctly configured and is intended for the company code you are working with.
  You can check this in the same configuration area under Define Ledgers.
  
  
  
  Test the Configuration:
  
  After making the necessary changes, try to perform the transaction again to see if the error persists.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OBY6 (for company code settings) and OB22 (for ledger settings) to check and modify the configurations directly.
  Documentation: Refer to SAP Help documentation for detailed steps on configuring accounting principles and ledgers.
  User Roles: Ensure that you have the necessary authorizations to make changes in the configuration settings.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP Basis or Finance team for further investigation, as there may be additional underlying issues or configurations that need to be addressed.