How To Fix GX061 - No company code or company assignment exists in Customizing for ledger &1

GX061 - Overview

• Message type: E = Error

• Message class: GX - Archiving/Reorganization

• Message number: 061

• Message text: No company code or company assignment exists in Customizing for ledger &1

What causes this issue?

Ledger &V1&, as contained in your selection criteria, is not assigned
to a company code or global company in Customizing.

System Response

How to fix this error?

Check your entry or the related Customizing.

Error message extract from SAP system. Copyright SAP SE.

GX061 - Details

• The SAP error message GX061 indicates that there is no company code or company assignment configured in the Customizing settings for the specified ledger. This error typically arises when you are trying to perform a transaction that requires a company code to be assigned to a ledger, but the necessary configuration is missing.
  
  Cause:
  
  Missing Company Code Assignment: The company code has not been assigned to the ledger in the system.
  Incorrect Configuration: The ledger configuration may not have been set up correctly in the system.
  Inactive Company Code: The company code you are trying to use may be inactive or not properly defined in the system.
  
  
  Solution:
  To resolve the GX061 error, follow these steps:
  
  
  Check Company Code Configuration:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to Financial Accounting (New) > General Ledger Accounting (New) > Ledger > Define Ledgers.
  Ensure that the ledger you are trying to use is properly defined.
  
  
  
  Assign Company Code to Ledger:
  
  In the