How To Fix ICC-KR404 - No business place exists

SAP Error Message - Details

• Message type: E = Error

• Message class: ICC-KR - Localization (South Korea)

• Message number: 404

• Message text: No business place exists

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message ICC-KR404 - No business place exists ?

  The SAP error message ICC-KR404 "No business place exists" typically occurs in the context of financial transactions or when dealing with business places in the SAP system. This error indicates that the system cannot find a valid business place for the transaction you are trying to execute. Here’s a breakdown of the cause, potential solutions, and related information:
  Cause:
  
  Missing Business Place Configuration: The business place you are trying to use has not been defined in the system.
  Incorrect Business Place Assignment: The business place may not be correctly assigned to the relevant company code or may not be active.
  Data Entry Error: There may be a typo or incorrect entry in the business place field during transaction processing.
  Authorization Issues: The user may not have the necessary authorizations to access the business place.
  
  Solution:
  
  
  Check Business Place Configuration:
  
  Navigate to the configuration settings in SAP (usually through SPRO).
  Go to Financial Accounting (New) > Accounts Receivable and Accounts Payable > Business Place > Define Business Place.
  Ensure that the business place you are trying to use is defined and active.
  
  
  
  Verify Assignment to Company Code:
  
  Ensure that the business place is assigned to the correct company code.
  You can check this in the same configuration area where you defined the business place.
  
  
  
  Correct Data Entry:
  
  Double-check the transaction entry for any typos or incorrect business place codes.
  Ensure that the business place code matches exactly with what is defined in the system.
  
  
  
  Check User Authorizations:
  
  Ensure that the user executing the transaction has the necessary authorizations to access the business place.
  This can be checked with the help of your SAP security team.
  
  
  
  Consult Documentation:
  
  If the issue persists, consult SAP documentation or reach out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: You may encounter this error in various transaction codes related to financial postings, such as FB01 (Post Document), F-02 (General Posting), etc.
  Business Place Usage: Business places are often used in the context of tax reporting and financial accounting, particularly in countries where business places are required for tax purposes.
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional troubleshooting steps.
  
  By following these steps, you should be able to resolve the ICC-KR404 error and ensure that your business place is correctly configured and utilized in your SAP system.