How To Fix GI124 - Global company & is not assigned to ledger &, but still required posting

GI124 - Overview

• Message type: E = Error

• Message class: GI - FI-SL update

• Message number: 124

• Message text: Global company & is not assigned to ledger &, but still required posting

What causes this issue?

At activity/global company/ledger level, you defined that the global
company must post to the ledger. However, this assignment is missing
at global company/ledger level. Update in General Ledger can therefore
not take place.

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?

Check tables T886A, T886C and T882C with regard to the values entered.
<DS:TRAN.GCG2>Make assignment</>

Error message extract from SAP system. Copyright SAP SE.

GI124 - Details

• The SAP error message GI124 indicates that a global company is not assigned to a ledger, which is necessary for posting transactions. This error typically arises in the context of financial accounting and controlling when there is a mismatch or misconfiguration in the assignment of company codes to ledgers.
  
  Cause:
  
  Missing Assignment: The global company (or company code) is not assigned to the specified ledger in the system.
  
  Configuration Issues: There may be issues in the configuration settings of the financial accounting module, particularly in the area of ledgers and company codes.
  Incorrect Posting Period: The posting period may not be open for the specified ledger, leading to the inability to post transactions.
  Data Migration Issues: If data has been migrated from another system, there may be inconsistencies in the configuration.
  
  
  Solution:
  
  
  Check Ledger Assignment:
  
  Go to the configuration settings in SAP (Transaction Code: SPRO).
  Navigate to Financial Accounting (New) > General Ledger Accounting (New) > Ledger > Define