Error message: Company code not assigned to country or country to calculation procedure.

Message No.:  FF703

Analysis and Diagnosis:

During entry of G/L transaction (FB60) an error message “An error message Company code not assigned to country or country to calculation procedure” appeared.

An error occured when checking the tax code. Either the assignment of company code and country or of country and calculation procedure is not correct.

Solution and Procedure:

 As the error message suggest, check if the Company Code is assigned to a country or the country has a calculation procedure assigned.

1. Company Code is asssigned to a country

Path: IMG → Enterprise Structure → Definition → Financial Accounting → Edit, Copy, Delete, Check Company Code.

Transaction Code: OX02

Ensure that your company code is assigned to a country, e.g. company code 0001 has country DE assigned.

2. The Country has a Tax Procedure assigned

Path: IMG → Financial Accounting (New) → Financial Accounting Global Settings (New) → Tax on Sales/Purchases → Assign Country to Calculation Procedure.

Transaction Code: OBBG

Ensure that your Country has a Tax Procedure assigned, e.g. Country DE has Tax Procedure TAXD assigned.