How To Fix FARR_FOUNDATION843 - Account &1 is not valid; recognized cost account must be a P/L account

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_FOUNDATION - Revenue Accounting - Foundation

• Message number: 843

• Message text: Account &1 is not valid; recognized cost account must be a P/L account

What causes this issue?

The validation for the recognized cost account failed because the
determined account is not a profit and 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</>.
Maintain the correct account in the
<DS:TRAN.FARR_ACCT_DETER_CUST>BRF+ Account Determination Rules</> on
the tab <ZK>Recognized Cost</>.

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_FOUNDATION843 - Account &1 is not valid; recognized cost account must be a P/L account ?

  The SAP error message FARR_FOUNDATION843 indicates that the account specified (denoted as &1) is not valid for the operation being performed, specifically in the context of recognized cost accounts. The error states that the account must be a Profit and Loss (P/L) account.
  Cause:
  
  Account Type: The account you are trying to use is not a P/L account. It may be a balance sheet account or another type of account that is not suitable for the operation.
  Configuration Issues: The account may not be properly configured in the system to be recognized as a valid cost account.
  Master Data Issues: The account may not exist in the system or may have been deactivated or incorrectly set up in the chart of accounts.
  
  Solution:
  
  
  Check Account Type:
  
  Verify that the account you are trying to use is indeed a P/L account. You can do this by checking the account master data in the SAP system.
  Navigate to the account in the SAP GUI (Transaction Code: FS00) and check the account type.
  
  
  
  Correct Account Configuration:
  
  If the account is not a P/L account, you will need to either select a different account that is a P/L account or create a new P/L account if necessary.
  Ensure that the account is set up correctly in the chart of accounts and is active.
  
  
  
  Review Configuration Settings:
  
  Check the configuration settings in the Financial Accounting (FI) module to ensure that the account is included in the relevant settings for recognized cost accounts.
  You may need to consult with your SAP FI consultant or administrator to ensure that the account is configured correctly.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources related to the specific transaction or process you are working on to ensure that you are following the correct procedures.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to see if the error persists.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  FS00 (Display/Change G/L Account Master Data)
  OBY6 (Define Chart of Accounts)
  
  
  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 permissions to view and modify account settings in SAP.
  
  If the issue persists after following these steps, it may be beneficial to engage with your SAP support team or consult with an SAP expert for further assistance.