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 [...]

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 company [...]

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 fiscal year has not been [...]

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 entered is real or [...]