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 that a default account is assigned for the relevant cost component structure and account combination.
  
  
  
  Assign Default Account:
  
  Navigate to the transaction code OKTZ (Cost Component Structure) or OKB9 (Assign Cost Elements to Cost Component Structure).
  Identify the cost component structure and ensure that a default account is assigned for each relevant cost element.
  
  
  
  Review Account Assignment:
  
  Check the account assignment for the cost elements in the relevant controlling area.
  Ensure that the accounts are correctly defined in the system and that they are active.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for specific guidance on configuring cost component structures and default accounts.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OKTZ, OKB9, and OBY6 (for account assignment).
  SAP Notes: Check for any SAP Notes related to this error message for additional guidance or patches that may address known issues.
  User Roles: Ensure that you have the necessary authorizations to make changes to the configuration settings in the SAP system.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in the controlling module for further assistance.