How To Fix IHC550 - Account does not exist: & &

SAP Error Message - Details

• Message type: E = Error

• Message class: IHC - IHC Messages

• Message number: 550

• Message text: Account does not exist: & &

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 IHC550 - Account does not exist: & & ?

  The SAP error message IHC550, which states "Account does not exist: & &", typically occurs in the context of the Intercompany Financial Management (IHC) module. This error indicates that the system is unable to find a specified account in the chart of accounts or the relevant financial structure.
  Causes:
  
  Incorrect Account Number: The account number specified in the transaction may be incorrect or mistyped.
  Missing Account: The account may not have been created in the system or is not part of the relevant chart of accounts.
  Inactive Account: The account may exist but is marked as inactive or not available for use.
  Configuration Issues: There may be configuration issues in the IHC settings or the financial structure that prevent the account from being recognized.
  Company Code Issues: The account may not be assigned to the company code being used in the transaction.
  
  Solutions:
  
  Verify Account Number: Check the account number in the transaction to ensure it is correct. Look for any typographical errors.
  Check Account Existence: Use transaction codes like FS00 (G/L Account Master Record) to verify if the account exists in the system.
  Activate Account: If the account exists but is inactive, you may need to activate it or change its status.
  Review Configuration: Check the configuration settings in the IHC module to ensure that the account is properly set up and linked to the relevant company codes and charts of accounts.
  Company Code Assignment: Ensure that the account is assigned to the correct company code. You can check this in the G/L account master data.
  Consult Documentation: Review SAP documentation or consult with your SAP support team for specific configuration settings related to IHC.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FS00 (G/L Account Master), OBY6 (Assign Company Code to Chart of Accounts), and OX15 (Define Chart of Accounts).
  SAP Notes: Check SAP Notes for any known issues or patches related to the IHC module and this specific error message.
  User Roles and Authorizations: Ensure that the user has the necessary authorizations to access the account and perform the required transactions.
  
  If the issue persists after following these steps, it may be beneficial to engage with your SAP support team or consult the SAP community for further assistance.