How To Fix FARR_FOUNDATION804 - Account &1 not valid; recognized revenue account must be a P/L account

FARR_FOUNDATION804 - Overview

• Message type: E = Error

• Message class: FARR_FOUNDATION - Revenue Accounting - Foundation

• Message number: 804

• Message text: Account &1 not valid; recognized revenue account must be a P/L account

What causes this issue?

The validation for the recognized revenue account failed because the
determined account is not a profit/loss account.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Check the account configuration under
<DS:SIMG.FI_GL_MD_FS00_DC>Edit G/L Account Centrally</>.
Maintain the correct account in the
<DS:TRAN.FARR_ACCT_DETER_CUST>BRF+ Account Determination Rules</> on
the tab <ZK>Recognized Revenue</>.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_FOUNDATION804 - Account &1 not valid; recognized revenue account must be a P/L account ?

  The SAP error message FARR_FOUNDATION804 indicates that the account specified in the system is not valid for the recognized revenue account, which must be a Profit and Loss (P/L) account. This error typically arises in the context of the SAP Revenue Accounting and Reporting (RAR) module when trying to post or recognize revenue.
  
  Cause:
  
  Account Type: The account specified (denoted as &1 in the error message) is not configured as a Profit and Loss account in the chart of accounts. It may be set up as a balance sheet account or another type that is not suitable for revenue recognition.
  
  Configuration Issues: There may be issues in the configuration of the revenue accounts in the system, such as incorrect account assignments or missing settings in the financial accounting module.
  Master Data Issues: The account master data may not be set up correctly, leading to the system not recognizing it as a valid P/L account.
  
  
  Solution:
  
  
  Check