How To Fix FT120 - Enter a chart of accounts

SAP Error Message - Details

• Message type: E = Error

• Message class: FT - FI Table Maintenance Error Messages

• Message number: 120

• Message text: Enter a chart of accounts

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FT120 - Enter a chart of accounts ?

  The SAP error message FT120, which states "Enter a chart of accounts," typically occurs when a user attempts to create or modify a financial document (such as a journal entry or a financial transaction) without specifying a chart of accounts. The chart of accounts is a crucial component in SAP's financial accounting module, as it defines the structure of the financial data and categorizes all accounts used in the organization.
  Cause:
  
  Missing Chart of Accounts: The most common cause of this error is that the chart of accounts has not been specified in the transaction or document being processed.
  Configuration Issues: There may be configuration issues in the SAP system where the chart of accounts is not properly assigned to the company code or the user’s profile.
  User Input Error: The user may have overlooked entering the chart of accounts in the relevant field.
  
  Solution:
  
  
  Enter the Chart of Accounts: When prompted with the FT120 error, ensure that you enter the appropriate chart of accounts in the designated field. This is usually a dropdown or input field where you can select or type the chart of accounts relevant to your company code.
  
  
  Check Company Code Settings: Verify that the company code you are working with is correctly assigned to a chart of accounts. You can do this by navigating to the configuration settings in SAP:
  
  Go to SPRO (SAP Project Reference Object).
  Navigate to Financial Accounting (New) > General Ledger Accounting (New) > Master Data > G/L Accounts > Edit Chart of Accounts.
  Ensure that the chart of accounts is assigned to the relevant company code.
  
  
  
  User Profile Settings: If the issue persists, check the user profile settings to ensure that the user has the necessary authorizations to access the chart of accounts.
  
  
  Consult Documentation: If you are unsure about which chart of accounts to use, consult your organization's financial documentation or speak with your finance department for guidance.
  
  
  System Configuration: If you have administrative access, you may want to check the overall system configuration to ensure that the chart of accounts is set up correctly across the system.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBY6 (to define the chart of accounts) and OBD4 (to assign the chart of accounts to a company code).
  SAP Notes: Check SAP Notes for any known issues or patches related to the FT120 error.
  User Training: Ensure that users are trained on how to properly enter financial data and understand the importance of the chart of accounts in SAP.
  
  By following these steps, you should be able to resolve the FT120 error and continue with your financial transactions in SAP.