How To Fix FI661 - Maintain default revenue element in controlling area &

SAP Error Message - Details

• Message type: E = Error

• Message class: FI - TR-FM Funds Management

• Message number: 661

• Message text: Maintain default revenue element in controlling area &

What causes this issue?

CO down payment update is active in controlling area &V1&. You must
therefore maintain a default cost element and a default revenue element
for down payments.

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?

Maintain the default cost elements for down payments for controlling
area &V1& in the Project System implementation guide.
<DS:SIMG.SIMG_OLPR_OKEP>More information</>.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FI661 - Maintain default revenue element in controlling area & ?

  The SAP error message FI661, which states "Maintain default revenue element in controlling area," typically occurs when a default revenue element has not been defined for a controlling area in the system. This is important because the default revenue element is used in various financial transactions and reporting processes within SAP.
  Cause:
  The error arises when:
  
  A controlling area is set up without a default revenue element.
  You are trying to post a transaction that requires a revenue element, but the system cannot find a default one configured for the specified controlling area.
  
  Solution:
  To resolve this error, you need to maintain the default revenue element for the controlling area. Here are the steps to do this:
  
  
  Access the Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to the following path: 
  SPRO -> SAP Reference IMG -> Controlling -> General Controlling -> Master Data -> Revenue Element -> Maintain Default Revenue Element
  
  
  
  
  Select the Controlling Area:
  
  In the configuration screen, you will see a list of controlling areas. Select the controlling area for which you want to maintain the default revenue element.
  
  
  
  Maintain the Default Revenue Element:
  
  Enter the default revenue element that you want to assign to the controlling area. This is typically a revenue account that will be used for postings when no specific revenue element is provided.
  
  
  
  Save Your Changes:
  
  After entering the required information, save your changes.
  
  
  
  Test the Configuration:
  
  After maintaining the default revenue element, try to perform the transaction again that previously resulted in the error to ensure that the issue is resolved.
  
  
  
  Related Information:
  
  Revenue Elements: In SAP, revenue elements are used to categorize revenue postings. They can be either primary (linked to G/L accounts) or secondary (used for internal allocations).
  Controlling Area: A controlling area is an organizational unit in SAP that represents a closed system for cost accounting. It can contain one or more company codes.
  Transaction Codes: You may also use transaction codes like OKB9 to directly access the configuration for maintaining default revenue elements.
  
  If you continue to experience issues after following these steps, it may be helpful to check for any additional configuration settings or consult with your SAP support team for further assistance.