How To Fix CRM_PRODUCT_FINANCE016 - Accounting principle &1 does not exist for distribution chain &2 &3

CRM_PRODUCT_FINANCE016 - Overview

• Message type: E = Error

• Message class: CRM_PRODUCT_FINANCE - Message Class for CRM_PRODUCT_FINANCE Development Class

• Message number: 016

• Message text: Accounting principle &1 does not exist for distribution chain &2 &3

What causes this issue?

In Customizing table CRMC_ACCR_FIN, no entry is maintained for
accounting principle &v1& and distribution chain &v2& &v3&.

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?

Maintain the needed entries, or enter a valid value.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

CRM_PRODUCT_FINANCE016 - Details

• The SAP error message CRM_PRODUCT_FINANCE016 indicates that there is an issue related to the accounting principles in the context of a distribution chain. Specifically, the error message states that the accounting principle specified does not exist for the given distribution chain.
  
  Cause:
  
  Missing Accounting Principle: The accounting principle referenced in the error message is not defined in the system for the specified distribution chain.
  Incorrect Configuration: There may be a configuration issue where the accounting principles are not properly assigned to the distribution chain.
  Data Inconsistency: There could be inconsistencies in the master data or configuration settings that lead to this error.
  
  
  Solution:
  
  
  Check Accounting Principles:
  
  Go to the configuration settings in SAP and verify if the accounting principle exists.
  Use transaction code OBY6 to check the accounting principles defined in the system.
  
  
  
  Assign Accounting Principles:
  
  If the accounting principle does not exist, you may need to create it or assign it to the relevant distribution chain.
  Use transaction code SPRO