Message type: E = Error
Message class: FARR_FOUNDATION - Revenue Accounting - Foundation
Message number: 840
Message text: Account &1 is not valid; recognized costs account must be a P/L account
The validation for the recognized costs account failed because the
determined account is not a profit and loss account.
The system issues an error message and will not allow you to continue with this transaction until the error is resolved.
Check the account configuration under
<DS:SIMG.FI_GL_MD_FS00_DC>Edit G/L Account Centrally</>.
Error message extract from SAP system. Copyright SAP SE.
FARR_FOUNDATION840
- Account &1 is not valid; recognized costs account must be a P/L account ?The SAP error message FARR_FOUNDATION840 indicates that the account specified (denoted as &1 in the message) is not valid for the operation you are trying to perform. Specifically, it states that the recognized costs account must be a Profit and Loss (P/L) account. This error typically arises in the context of Asset Accounting (FI-AA) or when dealing with financial transactions that require specific account types.
Cause: Account Type Mismatch: The account you are trying to use is not set up as a P/L account in the chart of accounts. It may be a balance sheet account or another type that is not suitable for the transaction.
Configuration Issues: The account may not be properly configured in the system, or it may not be assigned to the correct account group. Incorrect Account Assignment: The account may have been incorrectly assigned in the configuration settings for asset accounting or in the transaction you are trying to
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