How To Fix FKKFMCHK016 - G/L account &1 does not exist in company code &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FKKFMCHK - Funds Management Checks/Derivations in FI-CA

• Message number: 016

• Message text: G/L account &1 does not exist in company code &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FKKFMCHK016 - G/L account &1 does not exist in company code &2 ?

  The SAP error message FKKFMCHK016 indicates that a General Ledger (G/L) account specified in a financial transaction does not exist in the specified company code. This error typically arises during the processing of financial documents, such as invoices or payments, where the system checks the validity of the G/L account against the configuration in the system.
  Cause:
  
  Non-existent G/L Account: The G/L account specified in the transaction does not exist in the chart of accounts for the specified company code.
  Incorrect Company Code: The G/L account may exist, but it is not assigned to the company code being used in the transaction.
  Inactive G/L Account: The G/L account may have been marked as inactive or deleted in the system.
  Configuration Issues: There may be issues with the configuration of the chart of accounts or the assignment of G/L accounts to company codes.
  
  Solution:
  
  Check G/L Account: Verify that the G/L account number specified in the transaction is correct. You can do this by navigating to the G/L account master data in SAP (Transaction Code: FS00).
  Verify Company Code Assignment: Ensure that the G/L account is assigned to the correct company code. You can check this in the G/L account master data.
  Create or Activate G/L Account: If the G/L account does not exist, you may need to create it (Transaction Code: FS00). If it exists but is inactive, you may need to reactivate it.
  Review Configuration: Check the configuration settings for the chart of accounts and ensure that the G/L account is properly configured for the company code in question.
  Consult with Finance Team: If you are unsure about the correct G/L account to use, consult with your finance or accounting team to ensure that you are using the appropriate account for the transaction.
  
  Related Information:
  
  Transaction Codes:
  
  FS00: Create/Change G/L Account Master Data
  OBY6: Define Company Code
  OBD4: Assign G/L Accounts to Company Codes
  
  
  Documentation: Refer to SAP Help documentation for detailed information on G/L account management and configuration.
  User Roles: Ensure that you have the necessary authorizations to view and modify G/L account data.
  
  By following these steps, you should be able to resolve the error message FKKFMCHK016 and successfully process your financial transactions in SAP.