How To Fix FX024 - Account & does not exist in company code

SAP Error Message - Details

• Message type: E = Error

• Message class: FX - Distributed FI Application Messages

• Message number: 024

• Message text: Account & does not exist in company code

What causes this issue?

The G/L account &V1& that you have specified is not defined in the
external company code &V2&.

System Response

No actions were performed.

How to fix this error?

Either choose another G/L account or contact your system administrator
if you want to use the account.
Action by System Manager
There are two options for eliminating the error:
1.) Deactivate the validation of the G/L account in the company code for
the external company code &V2& (sending system only!):
<DS:TRAN.OB25>Execute function</>
or 2.) Create the account in the company code &V2& (in this way, any
accounts entered subsequently are still checked).

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FX024 - Account & does not exist in company code ?

  The SAP error message FX024 ("Account & does not exist in company code") typically occurs when you are trying to post a transaction to a general ledger account that has not been defined in the specified company code. This can happen in various scenarios, such as during the posting of financial transactions, asset accounting, or when executing certain reports.
  Cause:
  
  Account Not Created: The specified account has not been created in the company code.
  Incorrect Company Code: The account exists, but it is not assigned to the company code you are working with.
  Inactive Account: The account may exist but is marked as inactive or blocked for postings.
  Configuration Issues: There may be issues with the configuration of the chart of accounts or the account assignment.
  
  Solution:
  
  
  Check Account Existence:
  
  Go to transaction code FS00 (G/L Account Master Record) and check if the account exists for the specified company code.
  If it does not exist, you will need to create it.
  
  
  
  Create the Account:
  
  If the account does not exist, create it by entering the necessary details (account number, account type, etc.) and ensure it is assigned to the correct company code.
  
  
  
  Verify Company Code Assignment:
  
  Ensure that the account is assigned to the correct company code. You can check this in the account master record.
  
  
  
  Check Account Status:
  
  Ensure that the account is not marked as inactive or blocked. If it is, you may need to change its status.
  
  
  
  Review Configuration:
  
  If you suspect configuration issues, review the chart of accounts and ensure that the account is properly configured for the company code.
  
  
  
  Consult Documentation:
  
  If you are unsure about the account creation process or the configuration, refer to SAP documentation or consult with your SAP administrator.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  FS00: G/L Account Master Record
  OBY6: Define Company Code
  OBD2: Assign Company Code to Chart of Accounts
  
  
  
  User Roles: Ensure that you have the necessary authorizations to create or modify G/L accounts.
  
  
  SAP Notes: Check SAP Notes for any known issues or additional guidance related to this error message.
  
  
  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 FX024 error and successfully post your transactions.