How To Fix FAGL_LEDGER_CUST021 - Define accounting principle &1

FAGL_LEDGER_CUST021 - Overview

• Message type: E = Error

• Message class: FAGL_LEDGER_CUST - New General Ledger: Customizing

• Message number: 021

• Message text: Define accounting principle &1

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FAGL_LEDGER_CUST021 - Define accounting principle &1 ?

  The SAP error message FAGL_LEDGER_CUST021, which states "Define accounting principle &1," typically occurs in the context of the General Ledger (G/L) accounting configuration. This error indicates that the system is unable to find a defined accounting principle for the specified ledger.
  
  Cause:
  The error is usually caused by one of the following reasons:
  
  Missing Configuration: The accounting principle specified in the error message has not been defined in the system.
  Incorrect Ledger Assignment: The ledger you are trying to use is not properly assigned to an accounting principle.
  Data Inconsistency: There may be inconsistencies in the configuration settings related to the ledgers and accounting principles.
  
  
  Solution:
  To resolve the FAGL_LEDGER_CUST021 error, you can follow these steps:
  
  
  Define Accounting Principles:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO (SAP Project Reference Object) > Financial Accounting (New) > General Ledger Accounting (New) > Master Data > G/L Accounts > Define Accounting Principles.
  Check if the accounting principle mentioned in the error