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

SAP Error Message - Details

• 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 should be set to "P/L" in the account group settings.
  
  
  
  Adjust Revenue Recognition Settings:
  
  Navigate to the configuration settings for revenue recognition (transaction code SPRO).
  Ensure that the allocation accounts are correctly defined and that they point to valid P/L accounts.
  
  
  
  Review Allocation Settings:
  
  Check the allocation settings in the relevant module (e.g., Asset Accounting, Project System) to ensure that the correct accounts are being used for recognized revenue.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for specific guidance on setting up allocation accounts and revenue recognition.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  FS00: Display/Change G/L Account Master Data
  SPRO: SAP Reference IMG (Implementation Guide)
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  User Roles: Ensure that you have the necessary authorizations to make changes to account configurations and settings.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in Financial Accounting or Controlling.