How To Fix FCO_SFIN010 - Select one default account for cost comp. structure &1/account &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FCO_SFIN - FI-CO Simplified Financials

• Message number: 010

• Message text: Select one default account for cost comp. structure &1/account &2

What causes this issue?

You have not selected a default account or you have selected an invalid
default account for the combination of cost component structure &V1& and
cost of goods sold (COGS) account &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?

Select exactly one default account from the target accounts for each
cost component structure and each COGS account.

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 FCO_SFIN010 - Select one default account for cost comp. structure &1/account &2 ?

  The SAP error message FCO_SFIN010 indicates that there is an issue with the configuration of the cost component structure in the system. Specifically, it suggests that the system requires a default account to be assigned for a particular cost component structure and account combination, but it has not been set up correctly.
  
  Cause:
  
  Missing Default Account: The error typically arises when there is no default account assigned for the specified cost component structure and account combination in the configuration settings.
  
  Configuration Issues: There may be issues in the configuration of the cost component structure in the controlling (CO) module, particularly in the settings related to cost elements and their assignment.
  Data Inconsistencies: There could be inconsistencies in the master data or configuration that prevent the system from determining the appropriate default account.
  
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Cost Component Structure:
  
  Go to the configuration settings for the cost component structure in SAP.
  Ensure