How To Fix FML_CUST038 - No reference ledger for company &1 and currency &2

FML_CUST038 - Overview

• Message type: E = Error

• Message class: FML_CUST - Message Class for ML Customizuing

• Message number: 038

• Message text: No reference ledger for company &1 and currency &2

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FML_CUST038 - No reference ledger for company &1 and currency &2 ?

  The SAP error message FML_CUST038 indicates that there is no reference ledger defined for a specific company code and currency combination. This error typically arises in the context of financial accounting and controlling when trying to perform transactions that require a reference ledger.
  
  Cause:
  
  Missing Configuration: The primary cause of this error is that the reference ledger has not been configured for the specified company code and currency in the system.
  Incorrect Settings: There may be incorrect settings in the financial configuration that do not align with the requirements for the transaction being processed.
  Data Entry Error: The company code or currency entered in the transaction may be incorrect or not matching the existing configurations.
  
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Reference Ledger Configuration:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to Financial Accounting (New) > General Ledger Accounting (New) > Ledger > Define Reference Ledgers.
  Ensure that a reference ledger is defined