How To Fix GU502 - Assign ledger & to company code &

SAP Error Message - Details

• Message type: E = Error

• Message class: GU - FI-SL utilities

• Message number: 502

• Message text: Assign ledger & to company code &

What causes this issue?

The posting period for company code &V2& and ledger &V1& are to be
determined, but the ledger is not yet assigned to the company code.

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?

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GU502 - Assign ledger & to company code & ?

  The SAP error message GU502 "Assign ledger & to company code &" typically occurs when there is a configuration issue related to the assignment of a ledger to a company code in the SAP system. This error is often encountered in the context of Financial Accounting (FI) and can arise during various processes, such as posting transactions or running reports.
  Cause:
  The error is caused by the absence of a proper assignment between the ledger and the company code in the system configuration. This means that the system does not recognize the specified ledger as being valid for the specified company code.
  Solution:
  To resolve the GU502 error, you need to ensure that the ledger is correctly assigned to the company code. Here are the steps to do this:
  
  
  Access the Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to the following path: 
  SPRO -> SAP Reference IMG -> Financial Accounting (New) -> Financial Accounting Global Settings (New) -> Ledgers -> Ledger -> Assign Ledgers to Company Codes
  
  
  
  
  Assign the Ledger:
  
  In the "Assign Ledgers to Company Codes" section, check if the ledger in question is listed for the relevant company code.
  If it is not assigned, you will need to create a new assignment.
  Click on "New Entries" and enter the relevant details:
  
  Company Code
  Ledger
  Other necessary parameters as required.
  
  
  
  
  
  Save Changes:
  
  After making the necessary assignments, save your changes.
  
  
  
  Check for Additional Configuration:
  
  Ensure that the ledger is properly configured and that all necessary settings (like currency settings, fiscal year variant, etc.) are in place.
  
  
  
  Test the Configuration:
  
  After making the changes, try to perform the action that previously resulted in the error to confirm that the issue has been resolved.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  You can use transaction codes like OB22 to directly access the ledger assignment configuration.
  
  
  
  Documentation:
  
  Refer to SAP Help documentation for detailed information on configuring ledgers and company codes.
  
  
  
  User Authorizations:
  
  Ensure that you have the necessary authorizations to make changes in the configuration settings.
  
  
  
  Consulting with SAP Basis or Functional Team:
  
  If you are unsure about making these changes or if the issue persists, it may be beneficial to consult with your SAP Basis or Functional team for further assistance.
  
  
  
  By following these steps, you should be able to resolve the GU502 error and ensure that the ledger is properly assigned to the company code in your SAP system.