How To Fix GK516 - Requested method &1 for cons chart of accounts &2 not defined

GK516 - Overview

• Message type: E = Error

• Message class: GK - Messages for SAP Consolidation

• Message number: 516

• Message text: Requested method &1 for cons chart of accounts &2 not defined

What causes this issue?

The method &V1& for consolidation chart of accounts &V2& does not
exist.
However, this method might exist in another chart of accounts.

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?

If applicable, change the consolidation chart of accounts in the global
parameters.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GK516 - Requested method &1 for cons chart of accounts &2 not defined ?

  The SAP error message GK516 indicates that a requested method for a specific chart of accounts is not defined in the system. This error typically arises in the context of financial accounting and controlling when there is an attempt to perform an operation that requires a specific method (like a posting method or a reporting method) that has not been configured for the specified chart of accounts.
  
  Cause:
  
  Missing Configuration: The most common cause is that the method you are trying to use has not been defined for the specified chart of accounts in the system.
  Incorrect Chart of Accounts: The chart of accounts being referenced may not be the correct one for the operation you are trying to perform.
  System Customization: If the system has been customized, it is possible that the necessary configurations were not carried over or were incorrectly set up.
  
  
  Solution:
  
  
  Check Configuration:
  
  Go to the configuration settings for the chart of accounts