How To Fix CJ692 - &1 is not a revenue element

SAP Error Message - Details

• Message type: E = Error

• Message class: CJ - Project master data and structure

• Message number: 692

• Message text: &1 is not a revenue element

What causes this issue?

A revenue element is required before the system can derive the planned
revenues from the billing plan. &V1& is entered as the revenue element
in plan profile &V2&, but &V1& is not a revenue element.

System Response

Billing plan processing is not possible.

How to fix this error?

Assign a revenue element to plan profile &V2&.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message CJ692 - &1 is not a revenue element ?

  The SAP error message CJ692 indicates that the specified account (or cost element) is not recognized as a revenue element in the system. This error typically occurs in the context of project management and controlling, particularly when dealing with project-related financial transactions.
  Cause:
  
  Incorrect Account Assignment: The account you are trying to use in a project transaction is not set up as a revenue element in the system.
  Configuration Issues: The account may not be properly configured in the system to be recognized as a revenue element.
  Master Data Issues: The cost element or account may not be defined correctly in the master data settings.
  Transaction Type: The transaction you are trying to perform may require a revenue element, but the account you are using is classified differently (e.g., as a cost element).
  
  Solution:
  
  
  Check Account Configuration:
  
  Go to the transaction code KA03 (Display Cost Element) and check the configuration of the cost element in question.
  Ensure that the account is marked as a revenue element in the settings.
  
  
  
  Adjust Project Settings:
  
  If you are working within a project, ensure that the project settings allow for the use of revenue elements.
  Check the project definition and ensure that the correct revenue accounts are assigned.
  
  
  
  Use Correct Account:
  
  If the account you are trying to use is not a revenue element, consider using a different account that is classified as a revenue element.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about the configuration or the correct accounts to use, consult with your finance or controlling team to ensure that you are using the correct accounts for your transactions.
  
  
  
  Review Documentation:
  
  Review any relevant documentation or guidelines provided by your organization regarding project accounting and the use of revenue elements.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as CJ20N (Project Builder), CJ02 (Change Project), and KA01 (Create Cost Element) for managing project and cost element data.
  SAP Notes: Check SAP Notes for any known issues or updates related to this error message.
  Training: Consider training sessions or resources on SAP Project System (PS) and Controlling (CO) modules to better understand the configuration and usage of revenue elements.
  
  By following these steps, you should be able to resolve the CJ692 error and ensure that you are using the correct accounts in your project transactions.