How To Fix FARR_ACCR_MAIN311 - Accounting principle &1 is not maintained in Customizing activities.

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_ACCR_MAIN - Revenue Accounting - Accrual Management

• Message number: 311

• Message text: Accounting principle &1 is not maintained in Customizing activities.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_ACCR_MAIN311 - Accounting principle &1 is not maintained in Customizing activities. ?

  The SAP error message FARR_ACCR_MAIN311 indicates that the accounting principle specified in the system is not maintained in the Customizing activities for the Asset Accounting (FI-AA) module. This typically occurs when you are trying to perform an operation related to asset accounting, such as posting an asset transaction, and the system cannot find the necessary configuration for the specified accounting principle.
  Cause:
  
  Missing Configuration: The accounting principle you are trying to use has not been set up in the system. This could be due to a new accounting principle being introduced or a configuration oversight.
  Incorrect Settings: The accounting principle may be incorrectly configured or not assigned to the relevant company code or chart of accounts.
  Data Migration Issues: If you have recently migrated data or upgraded your system, the necessary configurations may not have been carried over.
  
  Solution:
  To resolve this error, you need to ensure that the accounting principle is properly maintained in the Customizing settings. Here are the steps to do this:
  
  
  Access Customizing:
  
  Go to the SAP Easy Access screen and enter the transaction code SPRO to access the Customizing Implementation Guide.
  
  
  
  Navigate to Asset Accounting:
  
  Follow the path: Financial Accounting (New) -> Asset Accounting -> Integration -> Define Accounting Principles.
  
  
  
  Check Accounting Principles:
  
  In the "Define Accounting Principles" section, check if the accounting principle indicated in the error message is listed.
  If it is not listed, you will need to create it or maintain it.
  
  
  
  Create or Maintain Accounting Principle:
  
  If the accounting principle is missing, you can create a new entry by clicking on "New Entries" and filling in the required details.
  If it exists but is not properly configured, select it and make the necessary adjustments.
  
  
  
  Assign to Company Code:
  
  Ensure that the accounting principle is assigned to the relevant company code. You can do this in the same section or under the relevant configuration for company codes.
  
  
  
  Check for Dependencies:
  
  Make sure that all related settings, such as depreciation areas and chart of accounts, are correctly configured to work with the accounting principle.
  
  
  
  Test the Configuration:
  
  After making the necessary changes, test the configuration by attempting the transaction that previously resulted in the error.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OAYZ (for defining accounting principles) and OABT (for asset transactions).
  Documentation: Refer to SAP documentation or help files for detailed guidance on configuring Asset Accounting and accounting principles.
  Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with an SAP expert who specializes in FI-AA.
  
  By following these steps, you should be able to resolve the FARR_ACCR_MAIN311 error and ensure that the accounting principle is properly maintained in your SAP system.