How To Fix FSC1035 - No cost element exists for G/L account &1; CO acct assignment required

SAP Error Message - Details

• Message type: E = Error

• Message class: FSC1 - FI-CA Extended: Message Class

• Message number: 035

• Message text: No cost element exists for G/L account &1; CO acct assignment required

What causes this issue?

The G/L account used is a cost element. However, you have not entered an
auxillary account assignment (for example, cost center).
A relevant auxillary account assignment is required for postings to this
account.

System Response

How to fix this error?

Specify a proposal value.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FSC1035 - No cost element exists for G/L account &1; CO acct assignment required ?

  The SAP error message FSC1035 indicates that there is no cost element assigned to the General Ledger (G/L) account specified in the error message. This typically occurs when you are trying to post a transaction that requires a cost center or internal order assignment, but the G/L account does not have a corresponding cost element defined in the Controlling (CO) module.
  Cause:
  
  Missing Cost Element: The G/L account you are trying to use does not have a cost element associated with it in the Controlling module.
  Incorrect Account Assignment: The transaction you are trying to post requires a cost center or internal order, but the G/L account is not set up to allow for such assignments.
  Configuration Issues: There may be configuration issues in the system that prevent the proper linkage between G/L accounts and cost elements.
  
  Solution:
  
  
  Create a Cost Element:
  
  Go to the SAP transaction code KA01 (Create Primary Cost Element) or KA06 (Create Secondary Cost Element) depending on your needs.
  Enter the G/L account number and create a corresponding cost element.
  Ensure that the cost element is correctly configured to allow for the necessary account assignments.
  
  
  
  Check G/L Account Configuration:
  
  Use transaction code FS00 to check the configuration of the G/L account.
  Ensure that the account is set up for cost accounting and that it is linked to the appropriate cost element.
  
  
  
  Review Account Assignment:
  
  Ensure that the transaction you are trying to post includes the necessary account assignment (e.g., cost center, internal order).
  If the transaction does not require a cost assignment, verify that you are using the correct G/L account.
  
  
  
  Consult with SAP Configuration Team:
  
  If you are unsure about the configuration or need assistance, consult with your SAP configuration team or a functional consultant who specializes in Controlling (CO).
  
  
  
  Related Information:
  
  Transaction Codes:
  
  FS00: G/L Account Master Data
  KA01: Create Primary Cost Element
  KA06: Create Secondary Cost Element
  
  
  Documentation: Refer to SAP Help documentation for detailed information on cost elements and G/L account configuration.
  Testing: After making changes, perform a test transaction to ensure that the error is resolved.
  
  By following these steps, you should be able to resolve the FSC1035 error and ensure that your G/L accounts are properly configured for cost accounting.