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

SAP Error Message - Details

• 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 SPRO (SAP Project Reference Object) and navigate to:
  
  Financial Accounting (New) > Asset Accounting > Integration > Define Account Principles.
  
  
  Ensure that the account principle is correctly defined and assigned to the relevant company code.
  
  
  Assign Account Principle to Company Code:
  
  In the same configuration area, check if the account principle is assigned to the company code you are working with.
  
  
  Review Transaction Data: Double-check the data entered in the transaction for any typographical errors or incorrect entries.
  Consult Documentation: If you are unsure about the account principles and their configurations, refer to SAP documentation or consult with your SAP functional consultant.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OAOA (for account principles) or OAYD (for company code settings) to check and modify the relevant settings.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  User Authorizations: Ensure that you have the necessary authorizations to view and modify the configuration settings.
  
  If the issue persists after checking the above points, it may be beneficial to engage with your SAP support team or a consultant who specializes in Asset Accounting for further assistance.