How To Fix FI_E223 - Principle of prudence document types not supported for LIV documents

SAP Error Message - Details

• Message type: E = Error

• Message class: FI_E - Message Class for FM English Developers

• Message number: 223

• Message text: Principle of prudence document types not supported for LIV documents

What causes this issue?

The FI document being used with this LIV document is flagged as a
Principle of Prudence document type in table FMT003.

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?

Use a different FI document type.

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 FI_E223 - Principle of prudence document types not supported for LIV documents ?

  The SAP error message FI_E223, which states "Principle of prudence document types not supported for LIV documents," typically occurs in the context of the Logistics Invoice Verification (LIV) process. This error is related to the accounting principles applied to document types in SAP, particularly concerning the principle of prudence, which is a fundamental accounting concept that requires caution in financial reporting.
  Cause:
  The error arises when you attempt to post an invoice or a credit memo for a Logistics Invoice Verification (LIV) document type that is not compatible with the principle of prudence. This can happen due to:
  
  Document Type Configuration: The document type you are trying to use for the LIV process may not be configured to support the principle of prudence in the system.
  Account Assignment: The account assignment for the document type may not be set up correctly, leading to conflicts with the accounting principles.
  Customizations: If there are customizations in the system that affect how document types are processed, they may inadvertently lead to this error.
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check Document Type Configuration:
  
  Go to the configuration settings for document types in SAP (Transaction Code: OBA7).
  Ensure that the document type you are using for LIV is correctly configured to support the principle of prudence.
  
  
  
  Review Account Assignment:
  
  Verify the account assignment settings for the document type. Ensure that the accounts used in the LIV process are compatible with the principle of prudence.
  
  
  
  Consult with SAP Support:
  
  If the issue persists, consider reaching out to SAP support or your internal SAP team for further assistance. They can provide insights based on your specific system configuration and any customizations that may be in place.
  
  
  
  Testing:
  
  After making any changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Principle of Prudence: This accounting principle dictates that expenses and liabilities should be recognized as soon as possible, while revenues and assets should only be recognized when they are assured of being received.
  Logistics Invoice Verification (LIV): This is a process in SAP that allows for the verification of invoices against purchase orders and goods receipts, ensuring that the financial records are accurate and compliant with accounting principles.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on document type configurations.
  
  By following these steps, you should be able to identify the root cause of the error and implement a solution to resolve it.