How To Fix OM153 - Chart of accounts & of company code & does not exist

OM153 - Overview

• Message type: E = Error

• Message class: OM - Customizing Materialwirtschaft

• Message number: 153

• Message text: Chart of accounts & of company code & does not exist

What causes this issue?

Company code &V2& references chart of accounts &V1&, which does not
exist.

System Response

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

How to fix this error?

Please allocate company code &V2& to an existing chart of accounts
(<DS:TRANS.OB62>Allocation of company codes -> Chart of accounts</>).

Error message extract from SAP system. Copyright SAP SE.

OM153 - Details

• The SAP error message OM153 indicates that the chart of accounts specified for a company code does not exist in the system. This error typically arises when you are trying to perform a transaction that requires a valid chart of accounts for a specific company code, but the system cannot find the corresponding entry.
  
  Cause:
  
  Incorrect Configuration: The chart of accounts may not have been assigned to the company code in the configuration settings.
  Typographical Error: There may be a typo in the company code or chart of accounts entered in the transaction.
  Missing Chart of Accounts: The chart of accounts may not have been created or activated in the system.
  Company Code Not Assigned: The company code may not be properly set up or may not be linked to the correct chart of accounts.
  
  
  Solution:
  
  
  Check Configuration:
  
  Go to the SAP Easy Access screen and navigate to the following path:SPRO -> IMG -> Financial Accounting (New) ->