How To Fix G4601 - Joint venture standard ledgers are not assigned to this company code.

G4601 - Overview

• Message type: E = Error

• Message class: G4 - EC-CS Consolidation

• Message number: 601

• Message text: Joint venture standard ledgers are not assigned to this company code.

What causes this issue?

You wanted to activate additional ledger for company code &V1&. But
this company is not activated at all for Joint Venture.

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?

Please mark the flag to activate also the standard ledger or choose
another company code

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message G4601 - Joint venture standard ledgers are not assigned to this company code. ?

  The SAP error message G4601 indicates that there is an issue with the assignment of joint venture standard ledgers to a specific company code. This error typically arises in the context of joint venture accounting, where multiple entities share costs and revenues.
  
  Cause:
  The error occurs when the system cannot find a valid assignment of joint venture standard ledgers to the specified company code. This can happen due to several reasons:
  
  Missing Configuration: The joint venture standard ledgers have not been configured or assigned to the company code in the system.
  Incorrect Company Code: The company code being referenced may not be set up for joint venture accounting.
  Data Inconsistency: There may be inconsistencies in the configuration or data that prevent the system from recognizing the assignment.
  
  
  Solution:
  To resolve the G4601 error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the SAP Customizing Implementation Guide (IMG) and navigate to the joint venture accounting settings.
  Ensure that the joint