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

FARR_CONTRACT_MAIN523 - Overview

• 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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FARR_CONTRACT_MAIN523 - Details

• 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