How To Fix CRM_PRODUCT_FINANCE021 - There is no entry for accounting principle &1

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 021

• Message text: There is no entry for accounting principle &1

What causes this issue?

In Customizing table CRMC_ACE_ACCR, no entry is maintained for
accounting principle &v1&.

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?

Make the missing entry, or enter a valid value.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message CRM_PRODUCT_FINANCE021 - There is no entry for accounting principle &1 ?

  The SAP error message CRM_PRODUCT_FINANCE021 indicates that there is no entry for the specified accounting principle in the system. This error typically arises in the context of product management and financial accounting within the SAP Customer Relationship Management (CRM) module.
  Cause:
  
  Missing Configuration: The accounting principle specified in the error message has not been defined in the system. This could be due to a lack of configuration in the financial settings.
  Incorrect Data Entry: The accounting principle might have been incorrectly entered or referenced in the transaction or configuration.
  Master Data Issues: The product or financial data associated with the accounting principle may not be properly maintained or may be missing.
  
  Solution:
  
  
  Check Configuration:
  
  Go to the configuration settings for financial accounting in SAP.
  Ensure that the accounting principle in question is defined and properly configured.
  You can check this in the transaction code SPRO (SAP Project Reference Object) and navigate to the relevant path for financial accounting.
  
  
  
  Maintain Accounting Principles:
  
  If the accounting principle is missing, you may need to create a new entry for it.
  Use transaction code OBA7 to maintain accounting principles if applicable.
  
  
  
  Review Master Data:
  
  Check the master data for the product or financial object that is causing the error.
  Ensure that all necessary fields are filled out correctly and that the accounting principle is linked to the relevant product.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to the specific module you are working with to understand the requirements for accounting principles.
  
  
  
  Contact Support:
  
  If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with an SAP expert who can provide further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as SPRO (for configuration), OBA7 (for maintaining accounting principles), and others that may be relevant to your specific SAP environment.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message. SAP Notes can provide additional insights or solutions that may not be immediately apparent.
  User Forums: Consider visiting SAP community forums or user groups where similar issues may have been discussed, and solutions shared.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.