How To Fix FCO_SFIN077 - Profile &3: COGS account &1 does not belong to charts of account &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FCO_SFIN - FI-CO Simplified Financials

• Message number: 077

• Message text: Profile &3: COGS account &1 does not belong to charts of account &2

What causes this issue?

COGS accounts &V1& used for splitting must be assigned to charts of
account &V2& because charts of account &V2& is assigned to cost
splitting profile &V3&.The COGS account &V1& is not assigned to charts
of account &V2&. Saving not possible.

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?

Delete the entry with COGS account &V1& for cost splitting scheme &V3&.
Then create a new relevant entry for a COGS account assigned to charts
of account &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 FCO_SFIN077 - Profile &3: COGS account &1 does not belong to charts of account &2 ?

  The SAP error message FCO_SFIN077 indicates that there is an issue with the configuration of the Cost of Goods Sold (COGS) account in relation to the chart of accounts being used. Specifically, the error states that the COGS account specified does not belong to the chart of accounts that is currently being referenced.
  Cause:
  
  Incorrect Account Assignment: The COGS account specified in the transaction or configuration does not exist in the chart of accounts that is assigned to the company code or the relevant financial transaction.
  Configuration Issues: There may be a misconfiguration in the financial settings, where the COGS account is not properly linked to the correct chart of accounts.
  Data Migration Issues: If data was migrated from another system, the COGS account may not have been correctly mapped to the new chart of accounts.
  
  Solution:
  
  
  Check Account Configuration:
  
  Go to the transaction code OBY6 (for chart of accounts) and verify that the COGS account is correctly assigned to the chart of accounts in question.
  Ensure that the COGS account is active and properly configured.
  
  
  
  Verify Company Code Settings:
  
  Use transaction code OBY2 to check the company code settings and ensure that the correct chart of accounts is assigned to the company code.
  
  
  
  Update COGS Account:
  
  If the COGS account is incorrect, update it to a valid account that belongs to the specified chart of accounts. This can be done in the relevant configuration settings or directly in the transaction where the error occurred.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about which account to use, consult with your finance or accounting team to ensure that the correct COGS account is being referenced.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OBY6: Chart of Accounts
  OBY2: Company Code Settings
  FS00: G/L Account Master Data
  
  
  Documentation: Refer to SAP documentation for detailed steps on configuring the chart of accounts and G/L accounts.
  Support: If the issue persists after checking the configurations, consider reaching out to SAP support or your internal SAP support team for further assistance.
  
  By following these steps, you should be able to resolve the FCO_SFIN077 error and ensure that the COGS account is correctly configured within the appropriate chart of accounts.