How To Fix FARR_INB_MAIN105 - Accounting principle &1 is not configured for company code &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_INB_MAIN - Messages for Inbound Processing

• Message number: 105

• Message text: Accounting principle &1 is not configured for company code &2

What causes this issue?

1. Accounting principle &v1& for Company code &v2& is not configured in
customizing activity "Assign Company Codes to Accounting Principles"
under Revenue Accounting Contracts.
2. Accounting principle &v1& for Company ode &v2& is not configured in
General ledger.

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?

1. Use T-code: FARR_IMG, In Customizing activity: Revenue Accounting >
Revenue Accounting Contracts > Assign Company Codes to Accounting
Principles, add a new entry for the Accounting principle &v1& with the
Company code &v2&.
2. Use T-code: FINSC_LEDGER and navigate to Ledger > Company Code
Settings for the ledger > Accounting Principles for Ledger and Company
code. Configure Accounting principle &v1& for the Company code &v2&.

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_INB_MAIN105 - Accounting principle &1 is not configured for company code &2 ?

  The SAP error message FARR_INB_MAIN105 indicates that the accounting principle specified in the message is not configured for the specified company code. This error typically arises in the context of Asset Accounting (FI-AA) when trying to perform operations related to asset transactions, such as acquisitions, transfers, or retirements.
  Cause:
  
  Missing Configuration: The accounting principle (e.g., IFRS, US GAAP) is not set up for the specified company code in the system.
  Incorrect Company Code: The company code being used may not be the one intended for the transaction.
  Data Entry Error: There may be a typo or incorrect entry in the transaction data that leads to referencing an unconfigured accounting principle.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to Financial Accounting (New) > Asset Accounting > Integration > Define Accounting Principles.
  Ensure that the accounting principle in question is configured for the specified company code.
  
  
  
  Assign Accounting Principles:
  
  If the accounting principle is not assigned to the company code, you will need to assign it. This can be done in the same configuration area mentioned above.
  
  
  
  Verify Company Code:
  
  Double-check the company code being used in the transaction. Ensure that it is correct and corresponds to the accounting principle you are trying to use.
  
  
  
  Review Transaction Data:
  
  Look at the transaction data you are entering. Ensure that all fields are filled out correctly and that there are no typos or incorrect references.
  
  
  
  Consult Documentation:
  
  If you are unsure about the configuration steps, refer to SAP documentation or consult with your SAP support team for guidance.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OAYZ (for defining accounting principles) or OAYP (for assigning accounting principles to company codes) to access the relevant configuration settings.
  SAP Notes: Check SAP Notes for any known issues or additional guidance related to this error message.
  User Roles: Ensure that you have the necessary authorizations to make changes to the configuration settings.
  
  By following these steps, you should be able to resolve the error message FARR_INB_MAIN105 and ensure that the accounting principles are correctly configured for your company code.