How To Fix FMITPOMC024 - House currency or FM area not maintained for company code &

SAP Error Message - Details

• Message type: E = Error

• Message class: FMITPOMC - Tranfer Transaction for Subledger Account

• Message number: 024

• Message text: House currency or FM area not maintained for company code &

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FMITPOMC024 - House currency or FM area not maintained for company code & ?

  The SAP error message FMITPOMC024 indicates that there is an issue with the configuration of the house currency or the financial management (FM) area for a specific company code. This error typically arises when trying to execute a transaction that requires a valid house currency or FM area, but the system cannot find the necessary configuration.
  Cause:
  
  Missing Configuration: The house currency or FM area has not been maintained for the specified company code in the system.
  Incorrect Company Code: The company code being referenced may not be set up correctly in the system.
  Data Inconsistency: There may be inconsistencies in the configuration data that prevent the system from recognizing the house currency or FM area.
  
  Solution:
  To resolve the FMITPOMC024 error, follow these steps:
  
  
  Check Company Code Configuration:
  
  Go to the transaction code OBY6 (or navigate through the menu: SPRO > Financial Accounting > General Ledger > Master Data > G/L Accounts > Prepare for Migration > Define Company Code).
  Ensure that the company code in question is properly configured and that the house currency is maintained.
  
  
  
  Maintain House Currency:
  
  If the house currency is not maintained, you can set it up by going to the transaction code OBY6 and selecting the relevant company code. Enter the appropriate house currency.
  
  
  
  Check FM Area Configuration:
  
  Use transaction code FMX1 to check the configuration of the FM area. Ensure that the FM area is correctly assigned to the company code and that all necessary settings are in place.
  
  
  
  Review Financial Management Settings:
  
  Ensure that the financial management settings are correctly configured for the company code. This includes checking the integration between financial accounting and funds management.
  
  
  
  Transport Requests:
  
  If changes were made in a development environment, ensure that the transport requests have been properly moved to the production environment.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP Basis or functional team for any specific configurations that may be required for your organization.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OBY6: Define Company Code
  FMX1: Create FM Area
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  User Roles: Ensure that you have the necessary authorizations to make changes to the company code and FM area settings.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or reach out to SAP support for further assistance.