How To Fix FI616 - Mark item &/& as a revenue item in the master record

SAP Error Message - Details

• Message type: E = Error

• Message class: FI - TR-FM Funds Management

• Message number: 616

• Message text: Mark item &/& as a revenue item in the master record

What causes this issue?

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?

Flag the item as revenue item in the master record.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FI616 - Mark item &/& as a revenue item in the master record ?

  The SAP error message FI616 ("Mark item &/& as a revenue item in the master record") typically occurs in the context of financial accounting when you are trying to post a transaction that involves a revenue item, but the relevant master record (such as a customer or vendor account) is not set up correctly to handle revenue postings.
  Cause:
  
  Master Record Configuration: The master record for the account (customer or vendor) does not have the revenue item indicator set. This means that the system does not recognize the account as capable of handling revenue transactions.
  Account Type: The account type may not be configured to allow revenue postings. For example, if the account is set up as a balance sheet account rather than a profit and loss account, it may not be able to process revenue items.
  Transaction Type: The type of transaction you are trying to post may not be compatible with the current configuration of the master record.
  
  Solution:
  
  
  Check Master Record: 
  
  Go to the relevant transaction (e.g., transaction code FD03 for customer accounts or FK03 for vendor accounts).
  Review the account settings and ensure that the revenue item indicator is marked appropriately.
  If necessary, update the master record to include the revenue item indicator.
  
  
  
  Adjust Account Type:
  
  Ensure that the account type is set correctly to allow for revenue postings. This may involve changing the account type in the configuration settings.
  
  
  
  Consult Configuration:
  
  If you have access to the configuration settings, check the settings for the relevant account group and ensure that it allows for revenue postings.
  You may need to consult with your SAP FI (Financial Accounting) consultant or administrator to make the necessary changes.
  
  
  
  Testing:
  
  After making the changes, try to post the transaction again to see if the error persists.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FD03 (Display Customer), FK03 (Display Vendor), and FS00 (G/L Account Master Record).
  SAP Notes: Check SAP Notes for any specific patches or updates related to this error message.
  Documentation: Review SAP documentation or help files related to financial accounting and master data management for further insights.
  
  If the issue persists after following these steps, it may be beneficial to engage with your SAP support team or consult the SAP community for more tailored assistance.