How To Fix FTR_TRU1042 - Company code &1 does not exist, create company code in FI

FTR_TRU1042 - Overview

• Message type: E = Error

• Message class: FTR_TRU1 - FS_TRM Utiliity Message Class

• Message number: 042

• Message text: Company code &1 does not exist, create company code in FI

What causes this issue?

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

System Response

How to fix this error?

Create the new company code in the Customizing under <ZK>Enterprise
Structure -> Definition -> Financial Accounting ->
<DS:SIMG.SIMG_CFMENUSAPCOX02>Edit, Copy, Delete, Check Company Code</>
</>.
All company code dependent settings in the non-TRM areas should be done
also. This can be done manually or by copying the settings from an other
company code in the above mentioned IMG activity.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_TRU1042 - Company code &1 does not exist, create company code in FI ?

  The SAP error message FTR_TRU1042 indicates that the specified company code does not exist in the system. This error typically occurs when you are trying to perform a transaction related to financial instruments or treasury management, and the system cannot find the company code you are referencing.
  
  Cause:
  
  Non-existent Company Code: The company code you are trying to use has not been created in the SAP system.
  Incorrect Company Code: There may be a typo or incorrect entry in the company code field.
  Company Code Deactivation: The company code might exist but could be inactive or not properly configured.
  
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Company Code:
  
  Verify that the company code you are trying to use is correct. Check for any typographical errors.
  
  
  
  Create Company Code:
  
  If the company code does not exist, you will need to create it. This can be done through the following steps:
  Go to the SAP Easy Access screen.
  Navigate to