How To Fix GG272 - Version 001 is not assigned to the general ledger

SAP Error Message - Details

• Message type: E = Error

• Message class: GG - Messages for FI-SL customizing

• Message number: 272

• Message text: Version 001 is not assigned to the general ledger

What causes this issue?

Version 001 is not assigned to the general ledger (ledger 00). You
should make this assignment so that the programs that process the
contents of the general ledger work correctly (reporting).
Note for the system administrator: an entry is missing in table T894.

System Response

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

How to fix this error?

To correct the customizing entries for the general ledger, you should
execute the function for this ('Correct entries') in the menu screen of
this error list.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GG272 - Version 001 is not assigned to the general ledger ?

  The SAP error message GG272 "Version 001 is not assigned to the general ledger" typically occurs when you are trying to execute a transaction that requires a specific version of the general ledger (G/L) but that version has not been properly assigned or configured in the system.
  Cause:
  
  Version Not Assigned: The version (in this case, Version 001) has not been assigned to the general ledger in the configuration settings.
  Incorrect Configuration: The version may exist, but it is not linked to the appropriate company code or chart of accounts.
  Missing Authorizations: Sometimes, the user may not have the necessary authorizations to access the version or the general ledger.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Version Assignment:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO (Customizing) ? Financial Accounting ? General Ledger ? Master Data ? Versions ? Define Versions.
  Ensure that Version 001 is defined and assigned to the relevant company code and chart of accounts.
  
  
  
  Assign Version to G/L:
  
  If Version 001 is not assigned, you can assign it by selecting the appropriate company code and chart of accounts.
  Make sure to save your changes.
  
  
  
  Check Configuration:
  
  Verify that the version is correctly configured for the required financial reporting and that it meets the necessary criteria for the general ledger.
  
  
  
  User Authorizations:
  
  Ensure that the user has the necessary authorizations to access the version and perform the required transactions. This may involve checking roles and permissions in the user profile.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to see if the error persists.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OB52 (to maintain the posting periods) or OBY6 (to define the versions) depending on your specific needs.
  Documentation: Refer to SAP Help documentation for detailed steps on configuring versions and general ledger settings.
  Support: If the issue persists after following the above steps, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  By following these steps, you should be able to resolve the GG272 error and ensure that Version 001 is properly assigned to the general ledger.