How To Fix KQ118 - G/L account & does not exist in company code & -> F4

SAP Error Message - Details

• Message type: E = Error

• Message class: KQ - Error Messages for Customizing Product Costing

• Message number: 118

• Message text: G/L account & does not exist in company code & -> F4

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message KQ118 - G/L account & does not exist in company code & -> F4 ?

  The SAP error message KQ118 indicates that a General Ledger (G/L) account does not exist in the specified company code. This error typically occurs when you are trying to post a transaction or access a G/L account that has not been defined for the company code you are working with.
  Cause:
  
  Missing G/L Account: The G/L account you are trying to use has not been created in the specified company code.
  Incorrect Company Code: You may be using the wrong company code in your transaction.
  Account Group Restrictions: The G/L account might be restricted by account group settings, preventing it from being used in the current company code.
  Data Entry Error: There could be a typographical error in the G/L account number you are trying to enter.
  
  Solution:
  
  
  Check G/L Account Creation:
  
  Go to transaction code FS00 (G/L Account Master Record) and check if the G/L account exists for the specified company code.
  If it does not exist, you will need to create it. Ensure that you have the necessary authorizations to create a G/L account.
  
  
  
  Verify Company Code:
  
  Ensure that you are using the correct company code in your transaction. You can check the company code settings in the relevant transaction or configuration.
  
  
  
  Review Account Group Settings:
  
  Check the account group settings to ensure that the G/L account is allowed for the company code you are working with. You can do this in the configuration settings under Financial Accounting > General Ledger > Master Data > G/L Account > Prepare G/L Account Creation.
  
  
  
  Correct Data Entry:
  
  Double-check the G/L account number you are entering for any typographical errors.
  
  
  
  Consult with Your SAP Administrator:
  
  If you are unsure about the settings or need assistance, consult with your SAP administrator or finance team to ensure that the G/L account is set up correctly.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  FS00: Create/Change G/L Account Master Data
  OBY6: Define Company Code
  OBD2: Define G/L Account in Company Code
  
  
  SAP Documentation: Refer to SAP Help Portal for detailed documentation on G/L account management and configuration.
  User Authorizations: Ensure that you have the necessary authorizations to create or modify G/L accounts in the system.
  
  By following these steps, you should be able to resolve the KQ118 error and successfully use the G/L account in your transactions.