How To Fix KM572 - No master data exists for account &1 in company code &2

SAP Error Message - Details

• Message type: E = Error

• Message class: KM - Error messages for Profit Center Accounting

• Message number: 572

• Message text: No master data exists for account &1 in company code &2

What causes this issue?

Account &V1& does not exist either as a G/L account in company code
&V2& or as a revenue/cost element in the chart of accounts &V4& of
controlling area &V3&.

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?

Create account &V1& as a G/L account in company code &V2& or as a
revenue/cost element in the chart of accounts &V4& for controlling area
&V3&.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KM572 - No master data exists for account &1 in company code &2 ?

  The SAP error message KM572 indicates that there is no master data available for a specific account in a given company code. This typically occurs in the context of controlling (CO) or financial accounting (FI) when trying to post a transaction that requires master data for a cost element or internal order.
  
  Cause:
  
  Missing Master Data: The primary cause of this error is that the master data for the specified account (cost element, internal order, etc.) has not been created or is not active in the specified company code.
  Incorrect Account or Company Code: The account number or company code specified in the transaction may be incorrect or not properly configured.
  Data Migration Issues: If data was migrated from another system, there may have been issues that resulted in missing master data.
  Authorization Issues: Sometimes, the user may not have the necessary authorizations to view or access the master data.
  
  
  Solution:
  
  
  Create or Activate Master Data:
  
  Navigate to