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

FI616 - Overview

• 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.

FI616 - Details

• 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