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