How To Fix KM695 - Account &1 does not exist in chart of accounts &2

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 695

• Message text: Account &1 does not exist in chart of accounts &2

What causes this issue?

You have entered account &V1& in the table of allowed revenue and stock
change accounts in planning.
However, account &V1& does not exist in the chart of accounts &V2& for
controlling area &V3&.

System Response

Processing will terminate.

How to fix this error?

Remove account &V1& from the table of allowed revenue accounts
(<DS:SIMG.SIMG_CFMENUORK18KET1>Maintain Allowed Revenue Accounts</>)
and allowed stock change accounts
(<DS:SIMG.SIMG_CFMENUORK18KET1>Maintain Allowed Stock Change
Accounts</>), or create account &V1&.

Error message extract from SAP system. Copyright SAP SE.

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• What is the cause and solution for SAP error message KM695 - Account &1 does not exist in chart of accounts &2 ?

  The SAP error message KM695, which states "Account &1 does not exist in chart of accounts &2," typically occurs when you are trying to post a transaction to a general ledger account that is not defined in the specified chart of accounts. Here’s a breakdown of the cause, potential solutions, and related information:
  
  Cause:
  
  Account Not Created: The account you are trying to use (denoted as &1) has not been created in the specified chart of accounts (denoted as &2).
  Incorrect Chart of Accounts: The transaction may be referencing the wrong chart of accounts, leading to the system not finding the specified account.
  Account Deactivation: The account may have been deactivated or marked for deletion in the system.
  Data Entry Error: There may be a typographical error in the account number or chart of accounts.
  
  
  Solution:
  
  
  Check Account Existence:
  
  Go to the transaction code FS00 (G/L Account Master Record) and check if the account number exists in the