How To Fix 62688 - Inc.stmnt accts missing in chrt of accts & for inp.tax correct.

62688 - Overview

• Message type: E = Error

• Message class: 62 - Message Texts for Real Estate

• Message number: 688

• Message text: Inc.stmnt accts missing in chrt of accts & for inp.tax correct.

What causes this issue?

The P&L statement accounts for the input tax correction item postings
are not defined for chart of accounts &v1&.

System Response

The system will prevent further processing.

How to fix this error?

Contact your system administrator.
Procedure for the system administrator
Check and correct the settings for the P&L statement accounts in chart
of accounts &v1& in Customizing as required.

Error message extract from SAP system. Copyright SAP SE.

62688 - Details

• The SAP error message "62688: Inc. stmt accts missing in chrt of accts & for inp. tax correct" typically indicates that there are issues related to the configuration of accounts in the chart of accounts, particularly concerning income statement accounts and input tax accounts.
  
  Cause:
  
  Missing Accounts: The error suggests that certain accounts that are required for the income statement or for input tax calculations are not defined in the chart of accounts.
  
  Configuration Issues: There may be a misconfiguration in the financial accounting settings, particularly in the area of tax codes or account determination.
  Data Inconsistency: There could be inconsistencies in the master data or transaction data that reference accounts that do not exist or are not properly set up.
  
  
  Solution:
  
  
  Check Chart of Accounts:
  
  Go to the transaction code OB13 (Define Chart of Accounts) and ensure that the necessary income statement accounts and input tax accounts are defined.
  Verify that the accounts are correctly assigned to