How To Fix FARR_FOUNDATION814 - Acct &1 invalid; recognized revenue f. allocation acct must be a P/L acct

FARR_FOUNDATION814 - Overview

• Message type: E = Error

• Message class: FARR_FOUNDATION - Revenue Accounting - Foundation

• Message number: 814

• Message text: Acct &1 invalid; recognized revenue f. allocation acct must be a P/L acct

What causes this issue?

The validation for the account for recognized revenue for allocation
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</>.

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_FOUNDATION814 - Acct &1 invalid; recognized revenue f. allocation acct must be a P/L acct ?

  The SAP error message FARR_FOUNDATION814 indicates that there is an issue with the account configuration in the context of revenue recognition for allocations. Specifically, the error states that the account specified (denoted as &1) is invalid because it must be a Profit and Loss (P/L) account for recognized revenue.
  
  Cause:
  
  Account Type: The account specified in the configuration is not set up as a Profit and Loss account. In SAP, revenue accounts must be classified correctly to ensure proper financial reporting.
  Configuration Error: There may be a misconfiguration in the settings for revenue recognition or allocation accounts in the Financial Accounting (FI) or Controlling (CO) modules.
  Master Data Issues: The account master data may not be correctly defined, or the account may have been changed or deleted.
  
  
  Solution:
  
  
  Check Account Configuration:
  
  Go to the account master data in SAP (transaction code FS00).
  Verify that the account in question is set up as a P/L account. The account type