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

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message 62688 - Inc.stmnt accts missing in chrt of accts & for inp.tax correct. ?

  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 the relevant account groups.
  
  
  
  Review Account Determination:
  
  Use transaction code OB40 (Define Account Determination) to check the account determination settings for tax codes. Ensure that the input tax accounts are correctly mapped.
  Make sure that the tax codes used in transactions are linked to the correct accounts.
  
  
  
  Create Missing Accounts:
  
  If the required accounts are missing, create them using transaction code FS00 (Create General Ledger Account). Ensure that they are set up with the correct account type and settings.
  
  
  
  Check Configuration Settings:
  
  Review the configuration settings in the Financial Accounting (FI) module to ensure that all necessary settings are in place for income statement and tax reporting.
  
  
  
  Test Transactions:
  
  After making the necessary changes, test the transactions that were causing the error to ensure that the issue has been resolved.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OB13: Define Chart of Accounts
  OB40: Define Account Determination
  FS00: Create General Ledger Account
  
  
  Documentation: Refer to SAP Help documentation for detailed guidance on configuring the chart of accounts and account determination for tax codes.
  Support: If the issue persists after checking the above configurations, consider reaching out to your SAP support team or consulting with an SAP FI expert for further assistance.
  
  By following these steps, you should be able to resolve the error message and ensure that your SAP system is correctly configured for financial reporting and tax calculations.