How To Fix M7055 - G/L account & does not exist in company code &

SAP Error Message - Details

• Message type: E = Error

• Message class: M7 - Inventory Management and Physical Inventory

• Message number: 055

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

What causes this issue?

The G/L account has not been created in the company code in which you
are working.

How to fix this error?

INCLUDE MB_NA_SACHKONTO
If you have entered the G/L account or the company code yourself, check
the account number entered, as well as the company code in which you
are working.
G/L acct. CoCode
wrong right Correct the G/L account.
right wrong Correct the company code.
right right The G/L account must be created
for the company code.

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message M7055 - G/L account & does not exist in company code & ?

  The SAP error message M7055 indicates that a General Ledger (G/L) account does not exist in the specified company code. This error typically occurs during transactions that involve financial postings, such as when trying to post a goods movement or an invoice.
  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: The G/L account exists, but it is not assigned to the company code you are working with.
  Inactive G/L Account: The G/L account may exist but is marked as inactive or blocked for postings.
  Configuration Issues: There may be issues with the configuration of the chart of accounts or the account assignment.
  
  Solution:
  
  
  Check G/L Account Creation:
  
  Go to the 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.
  
  
  
  Create G/L Account:
  
  If the G/L account is missing, create it using transaction code FS00.
  Ensure that you select the correct company code and enter all required details.
  
  
  
  Verify Company Code Assignment:
  
  If the G/L account exists but is not assigned to the company code, you can assign it by editing the account in FS00.
  
  
  
  Check Account Status:
  
  Ensure that the G/L account is active and not blocked for postings. You can check this in the account master record.
  
  
  
  Review Configuration:
  
  If you suspect configuration issues, review the chart of accounts and ensure that the G/L account is properly configured for the company code.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about creating or modifying G/L accounts, consult with your finance or accounting team to ensure compliance with accounting policies.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  FS00: G/L Account Master Record
  OBY6: Define Company Code
  OBD2: Assign Company Code to Chart of Accounts
  
  
  
  Documentation: Refer to SAP documentation or help files for detailed steps on managing G/L accounts and company codes.
  
  
  User Roles: Ensure that you have the necessary authorizations to create or modify G/L accounts in SAP.
  
  
  By following these steps, you should be able to resolve the M7055 error and successfully post your transactions.