How To Fix FARR_ACCR_DB010 - Error while obtaining settlement account for company code &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_ACCR_DB - Revenue Accounting - Accrual Management DB Access

• Message number: 010

• Message text: Error while obtaining settlement account for company code &1

What causes this issue?

While performing accrual posting, the system could not find the
settlement account for company code &V1&. This may occur if no
settlement account has been defined for this company code in
Customizing.

System Response

The activity was terminated.

How to fix this error?

Contact your system administrator.

Procedure for System Administrators

<writer's note: add Customizing information when the customizing path is
finalized>

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_ACCR_DB010 - Error while obtaining settlement account for company code &1 ?

  The SAP error message FARR_ACCR_DB010 indicates that there is an issue with obtaining the settlement account for a specific company code in the context of Asset Accounting (FI-AA) or related financial processes. This error typically arises when the system is unable to find the appropriate settlement account configuration for the specified company code.
  Cause:
  
  Missing Configuration: The settlement account for the specified company code may not be configured in the system.
  Incorrect Company Code: The company code specified in the transaction may not exist or may not be correctly set up in the system.
  Authorization Issues: The user may not have the necessary authorizations to access the settlement account configuration.
  Data Inconsistencies: There may be inconsistencies in the master data or configuration settings related to Asset Accounting.
  
  Solution:
  
  
  Check Configuration:
  
  Go to the configuration settings for Asset Accounting (Transaction code: SPRO).
  Navigate to Financial Accounting (New) > Asset Accounting > Integration > Define Settlement Accounts.
  Ensure that the settlement account is defined for the relevant company code.
  
  
  
  Verify Company Code:
  
  Check if the company code specified in the error message is valid and correctly set up in the system.
  Use transaction code OBY6 to review the company code settings.
  
  
  
  Review Authorizations:
  
  Ensure that the user has the necessary authorizations to access the relevant configuration settings.
  Check the user roles and profiles to confirm that they include access to Asset Accounting settings.
  
  
  
  Check Master Data:
  
  Review the asset master data to ensure that all required fields are filled out correctly and that there are no inconsistencies.
  Use transaction code AS03 to display the asset master record and verify the details.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or notes related to Asset Accounting and settlement accounts for any additional guidance or known issues.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  SPRO (Configuration)
  OBY6 (Company Code Settings)
  AS03 (Display Asset Master Record)
  
  
  SAP Notes: Search for relevant SAP Notes in the SAP Support Portal that may address this specific error or provide additional troubleshooting steps.
  Documentation: Review the SAP Help Portal for detailed information on Asset Accounting and settlement account configuration.
  
  By following these steps, you should be able to identify and resolve the cause of the FARR_ACCR_DB010 error in your SAP system.