How To Fix FCO_SFIN055 - Select one default account for price diff. splitting profile &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FCO_SFIN - FI-CO Simplified Financials

• Message number: 055

• Message text: Select one default account for price diff. splitting profile &1

What causes this issue?

You have not selected a default account or you have selected an invalid
default account for price differences splitting profile &V1&.

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 for each price differences splitting
profile.

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_SFIN055 - Select one default account for price diff. splitting profile &1 ?

  The SAP error message FCO_SFIN055 indicates that there is an issue with the configuration of the price difference splitting profile in the Financial Accounting (FI) module. Specifically, it suggests that a default account has not been selected for the price difference splitting profile specified (denoted by &1).
  Cause:
  This error typically arises when:
  
  The price difference splitting profile is not fully configured.
  A default account for the specified profile has not been assigned.
  There may be inconsistencies or missing entries in the configuration settings related to price difference handling.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Access the Configuration:
  
  Go to the SAP Easy Access screen and navigate to the configuration settings for Financial Accounting.
  Use transaction code SPRO to access the SAP Reference IMG.
  
  
  
  Locate the Price Difference Splitting Profile:
  
  Navigate to the following path:
  Financial Accounting (New) -> Financial Accounting Global Settings (New) -> Document Splitting -> Define Price Difference Splitting Profiles
  
  
  
  
  Select the Profile:
  
  Find the price difference splitting profile that corresponds to the one mentioned in the error message (indicated by &1).
  
  
  
  Assign a Default Account:
  
  Within the profile settings, ensure that a default account is assigned for the price difference splitting. This account is typically a balance sheet account that will be used to record price differences.
  
  
  
  Save Changes:
  
  After making the necessary changes, save your configuration.
  
  
  
  Test the Configuration:
  
  Perform a test transaction that previously triggered the error to ensure that the issue has been resolved.
  
  
  
  Related Information:
  
  Documentation: Refer to SAP Help documentation for detailed information on configuring price difference splitting profiles.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBY6 (for defining company codes) and OBD2 (for defining document types) as they may be relevant in the broader context of financial configuration.
  Support: If the issue persists after following the above steps, consider reaching out to your SAP support team or consulting the SAP Community for further assistance.
  
  By ensuring that the price difference splitting profile is correctly configured with a default account, you should be able to resolve the FCO_SFIN055 error.