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 [...]

Here’s a simple and quick guide on how to configure SAP Credit Management. A. Define Credit Control Area – a credit control area is an organizational unit in SAP which specifies and checks a credit limit for customers. Assignment rule is; more than one company code can use the same credit control area. However, one [...]

Error Message: The last closed fiscal year has not been defined for BP01. Message No.: ACE123 Diagnosis and Analysis: During creation of an Accrual object through transaction ACACTREE01 – Create Accrual Objects , the above error message “The last closed fiscal year has not been defined for BP01″ occured. In Accrual Engine Customizing, the last closed [...]

Error Message: Account 600000 requires and assignment to a CO object Message no.: KI248 Diagnosis and Analysis: During posting to a cost element in FI, the above error message occured. In the CO assignment, the internal order was filled up and the cost center field left blank. The user was not aware whether the IO [...]