How To Fix MQ753 - Company &1 is not assigned to an LC ledger

SAP Error Message - Details

• Message type: E = Error

• Message class: MQ - Messages for Euro Changeover Package

• Message number: 753

• Message text: Company &1 is not assigned to an LC ledger

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message MQ753 - Company &1 is not assigned to an LC ledger ?

  The SAP error message MQ753 indicates that a company code (denoted as &1 in the message) is not assigned to a Local Currency (LC) ledger. This typically occurs in the context of financial accounting and reporting when the system is trying to process transactions or generate reports that require a valid assignment of a company code to a local currency ledger.
  Cause:
  
  Missing Assignment: The company code has not been assigned to any local currency ledger in the system.
  Configuration Issues: There may be issues in the configuration settings related to the ledgers and company codes.
  Data Migration: If data has been migrated from another system, the assignment may not have been carried over correctly.
  Changes in Configuration: Recent changes in the configuration might have led to the removal of the assignment.
  
  Solution:
  To resolve the error, you need to ensure that the company code is properly assigned to a local currency ledger. Here are the steps to do this:
  
  
  Access the Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO (SAP Project Reference Object) > Financial Accounting (New) > General Ledger Accounting (New) > Master Data > G/L Accounts > Preparation > Define Company Code Global Parameters.
  
  
  
  Check Company Code Settings:
  
  In the configuration settings, check if the company code in question is assigned to a local currency ledger.
  If it is not assigned, you will need to create or modify the assignment.
  
  
  
  Assign Company Code to LC Ledger:
  
  If the company code is missing from the local currency ledger, you can add it by selecting the appropriate ledger and assigning the company code to it.
  
  
  
  Save Changes: After making the necessary changes, save your configuration.
  
  
  Test the Changes: After saving, try to execute the transaction or report again to see if the error persists.
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OB22 (for defining company code parameters) or OBY6 (for defining ledgers) to navigate directly to the relevant configuration areas.
  Documentation: Refer to SAP Help documentation for detailed steps on configuring ledgers and company codes.
  User Roles: Ensure that you have the necessary authorizations to make changes in the configuration settings.
  Consulting with SAP Basis or Functional Team: If you are unsure about making these changes, it may be beneficial to consult with your SAP Basis or Functional team for assistance.
  
  By following these steps, you should be able to resolve the MQ753 error and ensure that your company code is correctly assigned to a local currency ledger.