Company code is missing or is not valid

What causes this issue?

To transfer plan data from Profitability Analysis (CO-PA) to Profit
Center Accounting, you must have created this plan data for a specific
company code. In this case, the data you want to transfer is either not
assigned to a company code, or it is assigned to a company code that is
not assigned to controlling area &V2&.
The company code in the data record is "&V1&".

System Response

The data cannot be transferred to Profit Center Accounting.

How to fix this error?

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

Error message extract from SAP system. Copyright SAP SE.