How To Fix FARR_FOUNDATION050 - Non-taxable transactions have not been configured for company &1

FARR_FOUNDATION050 - Overview

• Message type: E = Error

• Message class: FARR_FOUNDATION - Revenue Accounting - Foundation

• Message number: 050

• Message text: Non-taxable transactions have not been configured for company &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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_FOUNDATION050 - Non-taxable transactions have not been configured for company &1 ?

  The SAP error message FARR_FOUNDATION050 indicates that non-taxable transactions have not been configured for a specific company code in the SAP system. This error typically arises in the context of financial accounting and asset accounting, particularly when dealing with transactions that should not be subject to tax.
  
  Cause:
  The error occurs when:
  
  The system is trying to process a non-taxable transaction (such as certain asset transactions) for a company code that has not been set up to handle such transactions.
  The configuration for non-taxable transactions is missing or incomplete in the system settings for the specified company code.
  
  
  Solution:
  To resolve this error, you need to configure the non-taxable transactions for the affected company code. Here are the steps to do this:
  
  
  Access the Configuration Settings:
  
  Go to the SAP Easy Access screen.
  Navigate to the following path: SPRO -> SAP Reference IMG -> Financial Accounting (New) -> Financial Accounting Global Settings (New) -> Tax on Sales/Purchases -> Basic