How To Fix FICO1292 - Exemption amount initialized: Item counter is not an amount counter

SAP Error Message - Details

• Message type: E = Error

• Message class: FICO1 -

• Message number: 292

• Message text: Exemption amount initialized: Item counter is not an amount counter

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FICO1292 - Exemption amount initialized: Item counter is not an amount counter ?

  The SAP error message FICO1292, which states "Exemption amount initialized: Item counter is not an amount counter," typically occurs in the context of financial accounting (FI) and controlling (CO) modules when dealing with tax exemptions or similar financial transactions. This error indicates that there is an issue with the configuration or data entry related to the item counter in a financial document.
  Cause:
  
  Incorrect Configuration: The item counter may not be set up correctly in the system. This can happen if the item is not defined as an amount counter in the configuration settings.
  Data Entry Issues: There may be an error in the way the transaction is being entered, such as using the wrong item type or not specifying the exemption amount correctly.
  Document Type Issues: The document type being used may not support the exemption amount or may not be configured to handle it properly.
  Version Compatibility: If there are updates or changes in the SAP version, certain configurations may need to be revisited.
  
  Solution:
  
  
  Check Configuration:
  
  Go to the configuration settings in SAP (Transaction code: SPRO).
  Navigate to the relevant section for tax configuration and ensure that the item counter is set up correctly as an amount counter.
  Verify that the exemption amount is correctly defined in the system.
  
  
  
  Review Document Type:
  
  Check the document type being used for the transaction. Ensure that it is configured to handle exemption amounts.
  If necessary, create or modify a document type that supports the exemption amount.
  
  
  
  Data Entry Validation:
  
  Review the transaction data being entered. Ensure that the exemption amount is being entered in the correct field and that the item type is appropriate for the transaction.
  Make sure that all required fields are filled out correctly.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on handling exemption amounts and item counters.
  
  
  
  Testing:
  
  After making changes, test the transaction again to see if the error persists. If it does, further investigation may be needed.
  
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  Community Forums: Engage with SAP community forums or support channels where similar issues may have been discussed.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FB60 (Invoice), FB70 (Customer Invoice), or others that may be related to the transaction you are processing.
  
  If the issue persists after following these steps, it may be beneficial to consult with an SAP FI/CO consultant or your internal SAP support team for further assistance.