How To Fix FMCA1001 - No chart of accounts could be derived for company code &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FMCA1 - IS-PS-CA: Messages about Contract A/R & A/P

• Message number: 001

• Message text: No chart of accounts could be derived for company code &1

What causes this issue?

In order to derive a G/L account in automatic account determination,
you need the chart of accounts. The chart of accounts on the other hand
is derived from the company code in which the posting takes place.
It was not possible to derive a chart of accounts for the current
company code &V1&. An automatic account determination is therefore not
possible.

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?

Leave the assignment of chart of accounts for company code &V1& .

Procedure for System Administrators

Assign a chart of account to company code &V1&.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FMCA1001 - No chart of accounts could be derived for company code &1 ?

  The SAP error message FMCA1001, which states "No chart of accounts could be derived for company code &1," typically occurs in the context of Financial Accounting (FI) or Funds Management (FM) when the system is unable to determine the appropriate chart of accounts for a specified company code. This can happen for several reasons, and understanding the cause is essential for resolving the issue.
  Causes:
  
  Missing Configuration: The chart of accounts may not be assigned to the company code in the configuration settings.
  Incorrect Company Code: The company code specified may not exist or may be incorrectly entered.
  Data Inconsistency: There may be inconsistencies in the master data or configuration that prevent the system from deriving the chart of accounts.
  Authorization Issues: The user may not have the necessary authorizations to access the chart of accounts for the specified company code.
  Integration Issues: If the company code is part of a larger organizational structure, there may be issues with how it integrates with other components (e.g., controlling area).
  
  Solutions:
  
  
  Check Configuration:
  
  Go to the configuration settings in SAP (Transaction code: SPRO).
  Navigate to Financial Accounting (FI) > General Ledger Accounting > Master Data > G/L Accounts > Prepare G/L Account Creation.
  Ensure that the chart of accounts is assigned to the relevant company code.
  
  
  
  Verify Company Code:
  
  Check if the company code exists in the system (Transaction code: OX02).
  Ensure that the company code is correctly entered in the transaction that triggered the error.
  
  
  
  Review Master Data:
  
  Check the master data for the company code and ensure that all necessary entries are complete and correct.
  Look for any inconsistencies or missing entries that could affect the chart of accounts.
  
  
  
  Check Authorizations:
  
  Ensure that the user has the necessary authorizations to access the chart of accounts for the specified company code.
  Review the user roles and profiles to confirm that they include the required permissions.
  
  
  
  Integration Checks:
  
  If the company code is part of a controlling area, ensure that the controlling area is correctly configured and linked to the company code.
  Check for any integration issues with other modules that may affect the chart of accounts.
  
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  SPRO (Configuration)
  OX02 (Company Code Configuration)
  OX19 (Chart of Accounts Configuration)
  
  
  
  Documentation: Refer to SAP Help documentation for detailed steps on configuring charts of accounts and company codes.
  
  
  Support: If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting SAP Notes for any known issues related to this error message.
  
  
  By following these steps, you should be able to identify the cause of the FMCA1001 error and implement the appropriate solution.