How To Fix FCO_SFIN147 - Profile &2: Target account &1 is not a cost element

SAP Error Message - Details

• Message type: E = Error

• Message class: FCO_SFIN - FI-CO Simplified Financials

• Message number: 147

• Message text: Profile &2: Target account &1 is not a cost element

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FCO_SFIN147 - Profile &2: Target account &1 is not a cost element ?

  The SAP error message FCO_SFIN147 indicates that the target account specified in a financial transaction is not recognized as a cost element. This typically occurs in the context of financial postings where a cost element is expected, but the account provided does not meet the necessary criteria.
  Cause:
  
  Account Configuration: The target account (&1) is not defined as a cost element in the system. Cost elements are specific types of accounts that are used in cost accounting to track costs.
  Account Type: The account may be a balance sheet account or a revenue account, which cannot be used in the context where a cost element is required.
  Posting Type: The transaction being executed may require a cost element for the type of posting being made, such as in internal orders or cost center accounting.
  
  Solution:
  
  
  Check Account Configuration:
  
  Go to the account master data in SAP and verify if the target account (&1) is set up as a cost element.
  If it is not, you may need to create a cost element or change the account type to a cost element if appropriate.
  
  
  
  Create/Modify Cost Element:
  
  If the account needs to be a cost element, you can create it using transaction code KA01 (Create Cost Element) or KA02 (Change Cost Element).
  Ensure that the cost element is properly configured with the necessary attributes.
  
  
  
  Review Transaction:
  
  Check the transaction that is generating the error to ensure that the correct account is being used.
  If the transaction is meant to post to a cost element, ensure that the account being used is indeed a cost element.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP FI/CO consultant to understand the specific requirements for the transaction you are trying to execute.
  
  
  
  Related Information:
  
  Cost Elements: In SAP, cost elements are categorized into primary and secondary cost elements. Primary cost elements are linked to P&L accounts, while secondary cost elements are used for internal cost allocations.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FS00 (G/L Account Master), KA01, KA02, and KSB1 (Cost Centers: Actual Line Items) for managing cost elements and accounts.
  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 correct accounts are being used in your financial transactions.