How To Fix FARR_CONTRACT_MAIN523 - Acct. principle-specific settings not defined for CoCd &1 AcctPr. &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_CONTRACT_MAIN - Revenue Accounting: Contract Management

• Message number: 523

• Message text: Acct. principle-specific settings not defined for CoCd &1 AcctPr. &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_CONTRACT_MAIN523 - Acct. principle-specific settings not defined for CoCd &1 AcctPr. &2 ?

  The SAP error message FARR_CONTRACT_MAIN523 indicates that there are no account principle-specific settings defined for a particular company code (CoCd) and account principle (AcctPr). This error typically arises in the context of contract accounting or asset accounting when the system is trying to process transactions related to account principles that have not been properly configured.
  Cause:
  
  Missing Configuration: The account principle-specific settings for the specified company code and account principle have not been defined in the system.
  Incorrect Account Principle: The account principle being referenced may not be valid or may not have been set up correctly in the system.
  Data Entry Error: There may be a typo or incorrect entry in the transaction that is causing the system to look for a non-existent configuration.
  
  Solution:
  
  
  Define Account Principle-Specific Settings:
  
  Go to the configuration settings in SAP for the relevant module (e.g., Contract Accounting or Asset Accounting).
  Navigate to the section where account principles are defined (usually under Financial Accounting settings).
  Ensure that the account principle-specific settings for the specified company code and account principle are properly configured.
  
  
  
  Check Existing Configurations:
  
  Use transaction codes like SPRO to access the configuration menu.
  Look for the path related to account principles and verify if the settings for the specified CoCd and AcctPr exist.
  If they do not exist, create the necessary settings.
  
  
  
  Review Transaction Data:
  
  Check the transaction that triggered the error for any data entry mistakes.
  Ensure that the correct company code and account principle are being used.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for guidance on setting up account principles and related configurations.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking configurations and data entries, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBY6 (for defining account principles) and OBA7 (for defining account determination).
  SAP Notes: Check for any SAP Notes related to this error message for additional insights or patches that may address the issue.
  User Roles: Ensure that the user has the necessary authorizations to view and modify account principle settings.
  
  By following these steps, you should be able to resolve the error message FARR_CONTRACT_MAIN523 and ensure that the account principle-specific settings are correctly defined in your SAP system.