How To Fix FQM008 - Cash management is not activated for company code &1

FQM008 - Overview

• Message type: E = Error

• Message class: FQM - Financial Quantity Management Message Class

• Message number: 008

• Message text: Cash management is not activated for company code &1

What causes this issue?

SAP S/4HANA Finance for cash management is installed in the system.
However, in the Customizing activity under <LS>Global Parameters for
Company Code -> Enter Global Parameters</>, the parameter <LS>Activate
CM</> is activated, indicating prior usage of classic cash management.

System Response

The system does not update cash management.

How to fix this error?

If you will not be using cash management (either classic or SAP S/4HANA
Finance for cash management) anymore, deactivate classic cash management
in the Customizing activity under <LS>Global Parameters for Company Code
-> </>
<DS:SIMG.SIMG_CFMENUORFBOBY6>Enter Global Parameters</>.
If you continue using cash management:
Activate SAP S/4HANA Finance for cash management in the Customizing
activity under <LS>Cash Management -> Tools -> </>
<DS:SIMG.FQMV_ACTIV_APPLIC>Activate Individual Source Applications</>.
Initialize SAP S/4HANA Finance for cash management data under <LS>Cash
Management -> Tools -> </>
<DS:SIMG.LOAD_TRANSACTION_DATA>Load Transaction Data to Table FQM_FLOW
</>.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FQM008 - Cash management is not activated for company code &1 ?

  The SAP error message FQM008 indicates that cash management is not activated for the specified company code. This error typically arises when you attempt to perform cash management-related functions or transactions in a company code where cash management has not been configured or activated.
  
  Cause:
  
  Cash Management Not Activated: The primary cause of this error is that cash management has not been activated for the specified company code in the SAP system.
  
  Configuration Issues: There may be incomplete or incorrect configuration settings in the cash management module.
  Company Code Settings: The company code may not be set up to use cash management features.
  
  
  Solution:
  To resolve the FQM008 error, you need to activate cash management for the affected company code. Here are the steps to do this:
  
  
  Access the Configuration Settings:
  
  Go to the SAP Easy Access screen.
  Navigate to the following path: SPRO -> SAP Reference IMG -> Financial Accounting (New) -> Financial Accounting Global Settings (New) ->