How To Fix FR350 - Chart of accounts & has not been assigned

SAP Error Message - Details

• Message type: E = Error

• Message class: FR - Messages for FI Reporting

• Message number: 350

• Message text: Chart of accounts & has not been assigned

What causes this issue?

You selected the option '&V2&' for the parameter "Not allocated charts
of accounts". Only charts of accounts which are allocated to at least
one company code is selected here. However, the chart of accounts you
entered is not allocated.

System Response

Termination of processing

How to fix this error?

Please check your entries.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FR350 - Chart of accounts & has not been assigned ?

  The SAP error message FR350 typically indicates that a chart of accounts has not been assigned to a company code in the system. This can prevent financial transactions from being processed correctly, as the system requires a valid chart of accounts to determine how to categorize and record financial data.
  Cause:
  The error occurs when:
  
  A company code is created without an associated chart of accounts.
  The chart of accounts has been deleted or is inactive.
  There is a configuration issue where the chart of accounts is not properly assigned to the company code.
  
  Solution:
  To resolve the FR350 error, follow these steps:
  
  
  Check Company Code Configuration:
  
  Go to the SAP transaction code OBY6 (or navigate through the menu: SPRO > Financial Accounting > General Ledger > Master Data > G/L Accounts > Prepare for G/L Account Creation).
  Verify that the company code in question is listed and check if a chart of accounts is assigned to it.
  
  
  
  Assign Chart of Accounts:
  
  If the chart of accounts is not assigned, you can assign it by selecting the company code and entering the appropriate chart of accounts.
  Save your changes.
  
  
  
  Verify Chart of Accounts:
  
  Ensure that the chart of accounts you are trying to assign is active and correctly configured.
  You can check this in transaction code OB13 (or navigate through the menu: SPRO > Financial Accounting > General Ledger > Master Data > G/L Accounts > Edit Chart of Accounts).
  
  
  
  Check for Deletions:
  
  If the chart of accounts was recently deleted or modified, ensure that it is still available and correctly set up.
  
  
  
  Transport Requests:
  
  If you are working in a development or quality assurance environment, ensure that any changes made to the chart of accounts or company code have been transported to the production environment.
  
  
  
  Consult Documentation:
  
  If you are unsure about the configuration, refer to SAP documentation or consult with your SAP Basis or Financial Accounting team for assistance.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OBY6: Assign Chart of Accounts to Company Code
  OB13: Maintain Chart of Accounts
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to this error message.
  User Roles: Ensure that you have the necessary authorizations to make changes to the company code and chart of accounts settings.
  
  By following these steps, you should be able to resolve the FR350 error and ensure that your company code is properly configured with a valid chart of accounts.