How To Fix FARR_FOUNDATION820 - Account validation failed: acct principle &1 is not valid for company &2

FARR_FOUNDATION820 - Overview

• Message type: E = Error

• Message class: FARR_FOUNDATION - Revenue Accounting - Foundation

• Message number: 820

• Message text: Account validation failed: acct principle &1 is not valid for company &2

The validation for this account failed because the provided accounting
principle &v1& is not valid in company &v2&.

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?

What causes this issue?

INCLUDE FIN_CONFIG_REFERENCE OBJECT DOKU ID TX
<ZK>Revenue and Cost Accounting -> Contract-Based Revenue Recognition
</>.
Click <ZK>Configure</> at Step 1. <ZK>Assign Company Code to Accounting
Principle </>and check the configuration<ZK>.</>

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_FOUNDATION820 - Account validation failed: acct principle &1 is not valid for company &2 ?

  The SAP error message FARR_FOUNDATION820 indicates that there is an issue with account validation in the context of Asset Accounting (FI-AA). Specifically, the error message states that the account principle (accounting principle) specified is not valid for the company code in question.
  
  Cause:
  
  Invalid Account Principle: The account principle specified in the transaction does not exist or is not configured for the specified company code.
  
  Configuration Issues: The account principle may not be assigned to the company code in the configuration settings of Asset Accounting.
  Data Entry Errors: There may be a typographical error in the account principle or company code entered in the transaction.
  Missing Customizing: The necessary customizing settings for the account principle and company code may not have been completed.
  
  
  Solution:
  
  Check Account Principle: Verify that the account principle you are using is valid and exists in the system. You can do this by navigating to the relevant configuration settings in SAP.
  Configuration Settings:
  Go to