How To Fix FML_PRICE_MANAGER012 - Error in Ledger configuration of Company Code &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FML_PRICE_MANAGER - Price Manager related Messages

• Message number: 012

• Message text: Error in Ledger configuration of Company Code &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FML_PRICE_MANAGER012 - Error in Ledger configuration of Company Code &1 ?

  The SAP error message FML_PRICE_MANAGER012 indicates that there is an issue with the ledger configuration for a specific company code in the Financial Management (FM) module. This error typically arises when the system cannot find the necessary configuration settings for the ledger that is being used in the context of the company code.
  Cause:
  
  Missing Ledger Configuration: The ledger for the specified company code may not be properly configured in the system.
  Incorrect Company Code Assignment: The company code may not be assigned to the correct ledger or may not be linked to the required financial management settings.
  Inconsistent Settings: There may be inconsistencies in the settings between the company code and the ledger, such as currency settings or fiscal year variants.
  Authorization Issues: The user may not have the necessary authorizations to access or modify the ledger configuration.
  
  Solution:
  
  
  Check Ledger Configuration:
  
  Go to the configuration settings in SAP (Transaction Code: SPRO).
  Navigate to Financial Management > Basic Settings > Define Ledgers.
  Ensure that the ledger is correctly defined and assigned to the relevant company code.
  
  
  
  Verify Company Code Settings:
  
  Check the company code settings (Transaction Code: OX02).
  Ensure that the company code is correctly assigned to the ledger and that all necessary parameters are set.
  
  
  
  Review Consistency:
  
  Ensure that the fiscal year variant, currency settings, and other relevant parameters are consistent between the company code and the ledger.
  
  
  
  Authorization Check:
  
  Verify that the user has the necessary authorizations to access and modify the ledger configuration. This can be checked through the user roles and authorizations in the system.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific details related to the configuration of ledgers in the Financial Management module.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as SPRO (Customizing), OX02 (Company Code), and others that may be useful for configuration checks.
  SAP Notes: Check for any SAP Notes related to this error message for additional insights or patches that may resolve the issue.
  Community Forums: Engage with SAP community forums or user groups where similar issues may have been discussed, providing insights or solutions from other users.
  
  By following these steps, you should be able to identify and resolve the issue related to the FML_PRICE_MANAGER012 error message in SAP.