How To Fix FCO_SFIN080 - Profile &2: Target account &1 has no cost element category '01'

SAP Error Message - Details

• Message type: E = Error

• Message class: FCO_SFIN - FI-CO Simplified Financials

• Message number: 080

• Message text: Profile &2: Target account &1 has no cost element category '01'

What causes this issue?

Target accounts used for splitting must be assigned to cost element
category '01' (Primary cost/cost-reducing revenues). The target account
&V1& is not assigned to cost element category '01'. Saving not possible.

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

System Response

How to fix this error?

Replace target account &V1& for profile &V2& by a correct account
assigned to cost element category '01'.

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_SFIN080 - Profile &2: Target account &1 has no cost element category '01' ?

  The SAP error message FCO_SFIN080 indicates that there is an issue with the configuration of the target account in the context of financial postings. Specifically, the error states that the target account (denoted as &1) does not have the cost element category '01' assigned to it. This typically occurs when trying to post a financial transaction that requires a cost element, but the account in question is not set up correctly to handle such postings.
  Cause:
  
  Account Configuration: The target account is not configured as a cost element in the system. Cost element category '01' is typically used for primary cost elements, which are necessary for posting costs directly to the profit and loss statement.
  Posting Type: The type of posting being attempted (e.g., expense, revenue) requires a cost element, but the account does not meet the necessary criteria.
  Master Data Issues: The account master data may not be set up correctly, or it may have been changed or deleted inadvertently.
  
  Solution:
  
  
  Check Account Configuration:
  
  Go to the account master data in the SAP system (transaction code FS00).
  Verify that the target account (&1) is set up as a cost element and has the correct cost element category assigned (in this case, '01').
  If it is not set up correctly, you may need to create or modify the account to ensure it is a primary cost element.
  
  
  
  Create/Modify Cost Element:
  
  If the account does not exist as a cost element, you can create it using transaction code KA01 (for creating a primary cost element) or KA02 (for changing an existing cost element).
  Ensure that the cost element category is set to '01' for primary cost elements.
  
  
  
  Review Posting Logic:
  
  Check the logic of the transaction that is causing the error. Ensure that the correct accounts are being used for the intended financial postings.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for any specific configurations or requirements related to your organization's financial processes.
  
  
  
  Related Information:
  
  Cost Element Categories: Understanding the different cost element categories in SAP is crucial. Category '01' is for primary cost elements, which are directly linked to the general ledger accounts.
  Transaction Codes:
  
  FS00: Display/Change G/L Account Master Data
  KA01: Create Primary Cost Element
  KA02: Change Primary Cost Element
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues or provide additional guidance related to this error message.
  
  By following these steps, you should be able to resolve the error and ensure that the target account is properly configured for financial postings.