How To Fix FMLGD_INFO342 - Company code &3 does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: FMLGD_INFO -

• Message number: 342

• Message text: Company code &3 does not exist

What causes this issue?

Entry: &V1& &V2&
The company code &V3& entered does not exist.

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?

Check your entries and enter a valid company code.
To do this, use IMG activity <DS:SIMG._ISPSFM_H_MSGNR>Define Error
Handling</>.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FMLGD_INFO342 - Company code &3 does not exist ?

  The SAP error message FMLGD_INFO342 indicates that the specified company code does not exist in the system. This error typically arises in the context of financial transactions or when trying to access data related to a specific company code.
  Cause:
  
  Incorrect Company Code: The company code specified in the transaction or report does not match any existing company codes in the SAP system.
  Company Code Not Created: The company code may not have been created in the system yet.
  Company Code Deactivated: The company code might exist but could be inactive or deactivated.
  Authorization Issues: The user may not have the necessary authorizations to access the specified company code.
  
  Solution:
  
  Verify Company Code: Check the company code entered in the transaction. Ensure that it is correct and matches the format expected by the system.
  Check Company Code Configuration:
  
  Go to the transaction code OBY6 (or SPRO -> Financial Accounting -> Financial Accounting Global Settings -> Company Code -> Define Company Code) to see if the company code exists.
  If it does not exist, you may need to create it using the same transaction.
  
  
  Activate Company Code: If the company code exists but is inactive, you may need to activate it. This can also be done in the configuration settings.
  User Authorizations: Ensure that the user has the necessary authorizations to access the company code. This can be checked with the help of your SAP security team.
  Check for Transport Issues: If the company code was recently created or modified, ensure that all relevant transport requests have been successfully imported into the system.
  
  Related Information:
  
  Transaction Codes: 
  
  OBY6: To view or create company codes.
  SPRO: To access the SAP Reference IMG for configuration.
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  Documentation: Review SAP documentation for financial accounting to understand the implications of company codes and their configurations.
  
  If the issue persists after checking the above points, it may be beneficial to consult with your SAP Basis or functional team for further investigation.