No amount tolerance range entered for company code &

What causes this issue?

No tolerance group is specified in company code &V1&.
In a tolerance group you define the upper limit for a posting.

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?

If you have entered the correct company code, ensure that at least one
tolerance group is created for this company code and that it is also
assigned to the company code. You do this in Customizing for Financial
Accounting under <LS>Financial Accounting Global Settings -> Document
-> Line Item -></> <DS:SIMG.SIMG_CFMENUORFBOBA4>Define Tolerance Groups
for Employees</>.

Error message extract from SAP system. Copyright SAP SE.