How To Fix FS716 - G/L account & in tax code & not found

SAP Error Message - Details

• Message type: E = Error

• Message class: FS - Messages from Tax Routines / Prenumbered Checks

• Message number: 716

• Message text: G/L account & in tax code & not found

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FS716 - G/L account & in tax code & not found ?

  The SAP error message FS716 indicates that a General Ledger (G/L) account is not found in the specified tax code. This error typically occurs during the posting of financial transactions when the system cannot find the appropriate G/L account associated with the tax code being used.
  Cause:
  
  Missing G/L Account: The G/L account specified in the transaction does not exist in the system.
  Incorrect Tax Code: The tax code used in the transaction is not correctly configured or does not have a corresponding G/L account assigned.
  Configuration Issues: The tax code may not be properly linked to the G/L account in the tax configuration settings.
  Inactive G/L Account: The G/L account may be inactive or blocked for postings.
  
  Solution:
  
  
  Check G/L Account: Verify that the G/L account exists in the system. You can do this by navigating to the G/L account master data (Transaction Code: FS00) and checking if the account is active and correctly configured.
  
  
  Review Tax Code Configuration: Go to the tax code configuration (Transaction Code: OB40) and ensure that the tax code is correctly set up with the appropriate G/L accounts. Make sure that the tax code is linked to the correct G/L accounts for both input and output tax.
  
  
  Assign G/L Account to Tax Code: If the G/L account is missing from the tax code configuration, you will need to assign it. This can be done in the tax code settings where you can specify which G/L accounts should be used for the tax code.
  
  
  Check for Inactive Accounts: Ensure that the G/L account is not marked as inactive or blocked. If it is, you may need to reactivate it or use a different account.
  
  
  Consult with Finance Team: If you are unsure about the correct G/L account or tax code to use, consult with your finance or accounting team to ensure compliance with accounting standards and practices.
  
  
  Related Information:
  
  Transaction Codes: 
  
  FS00: G/L Account Master Data
  OB40: Maintain Tax Codes
  OBYZ: Maintain Tax Code for Document Types
  
  
  Documentation: Refer to SAP Help documentation for detailed information on configuring tax codes and G/L accounts.
  Testing: After making changes, perform a test posting to ensure that the error is resolved.
  
  By following these steps, you should be able to identify and resolve the FS716 error in SAP.