How To Fix KM677 - Financial statement version &1 has the wrong chart of accounts

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 677

• Message text: Financial statement version &1 has the wrong chart of accounts

What causes this issue?

You want to copy financial statement version &V1& (for chart of
accounts &V2&) to an account group in controlling area &V3&. However,
controlling area &V3& uses chart of accounts &V4&.

System Response

Processing was terminated.

How to fix this error?

Either choose a different financial statement version for chart of
accounts &V4&, or change the current controlling area using the
function <DS:TRAN.OKKS>Set controlling area</>.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KM677 - Financial statement version &1 has the wrong chart of accounts ?

  The SAP error message KM677 indicates that there is a mismatch between the financial statement version (FSV) you are trying to use and the chart of accounts (CoA) associated with it. This typically occurs when the financial statement version is configured to use a specific chart of accounts, but the system is trying to access a different one.
  Cause:
  
  Mismatch of Chart of Accounts: The financial statement version is linked to a specific chart of accounts, and the system is trying to use a different chart of accounts that is not compatible.
  Configuration Issues: The financial statement version may not be properly configured to align with the chart of accounts in use.
  Data Entry Errors: Incorrect data entry when setting up the financial statement version or chart of accounts can lead to this error.
  
  Solution:
  
  
  Check Financial Statement Version Configuration:
  
  Go to the configuration settings for the financial statement version in SAP (Transaction code: OB58).
  Verify that the financial statement version is correctly assigned to the intended chart of accounts.
  
  
  
  Verify Chart of Accounts:
  
  Ensure that the chart of accounts you are using is the one that is intended for the financial statement version.
  You can check the chart of accounts settings in the configuration (Transaction code: OB13).
  
  
  
  Adjust Settings:
  
  If there is a mismatch, you may need to either change the financial statement version to one that corresponds to the chart of accounts you are using or adjust the chart of accounts to match the financial statement version.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to financial statement versions and chart of accounts for additional guidance.
  
  
  
  Testing:
  
  After making changes, test the configuration by running the financial statement report again to ensure that the error is resolved.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OB58: Financial Statement Versions
  OB13: Chart of Accounts
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues or bugs related to this error message.
  User Roles: Ensure that you have the necessary permissions to make changes to financial statement versions and chart of accounts.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial accounting within SAP.