How To Fix FINS_ACDOC_CUST005 - You have not set indicator Parallel Accounting by G/L Accounts (&1/&2)

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_ACDOC_CUST - Unified Journal Entry - Customizing

• Message number: 005

• Message text: You have not set indicator Parallel Accounting by G/L Accounts (&1/&2)

What causes this issue?

You have assigned multiple accounting principles to the combination of
ledger &V1& and company code &V2&, but for this combination you have not
set the indicator "Parallel Accounting by G/L Accounts".

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?

Check whether your entries are correct and intended to be like this.
INCLUDE CUSTOMIZED_MESSAGE_INFO OBJECT DOKU ID TX

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 FINS_ACDOC_CUST005 - You have not set indicator Parallel Accounting by G/L Accounts (&1/&2) ?

  The SAP error message FINS_ACDOC_CUST005 indicates that the system requires the configuration for parallel accounting to be set for the specified General Ledger (G/L) accounts. This error typically arises when you attempt to post a transaction that involves parallel accounting, but the necessary settings for the G/L accounts involved have not been configured.
  Cause:
  The error occurs because:
  
  The G/L accounts specified in the error message do not have the parallel accounting indicator set.
  The system is configured to use parallel accounting (for example, for different accounting principles like IFRS and local GAAP), but the specific G/L accounts do not support this configuration.
  
  Solution:
  To resolve this error, you need to set the parallel accounting indicator for the specified G/L accounts. Here are the steps to do this:
  
  
  Access the G/L Account Master Data:
  
  Go to the transaction code FS00 (G/L Account Master Record).
  Enter the G/L account number and the company code.
  
  
  
  Edit the G/L Account:
  
  In the G/L account master data screen, navigate to the Control Data tab.
  Look for the field labeled "Parallel Accounting" or "Parallel Valuation".
  
  
  
  Set the Parallel Accounting Indicator:
  
  If the indicator is not set, you will need to select the appropriate option to enable parallel accounting for this G/L account.
  Save your changes.
  
  
  
  Check Other Related Settings:
  
  Ensure that the necessary configuration for parallel accounting is also set up in the system. This may include settings in the Financial Accounting (FI) module and the Controlling (CO) module.
  
  
  
  Test the Posting:
  
  After making the changes, try to post the transaction again to see if the error is resolved.
  
  
  
  Related Information:
  
  Parallel Accounting: This is a feature in SAP that allows organizations to maintain multiple sets of books for different accounting standards. It is commonly used for compliance with local regulations and international accounting standards.
  G/L Account Configuration: Proper configuration of G/L accounts is crucial for accurate financial reporting and compliance. Ensure that all relevant accounts are configured correctly for the intended accounting principles.
  Transaction Codes: Familiarize yourself with other relevant transaction codes such as OBY6 (for defining accounting principles) and OBY1 (for defining the company code settings) to ensure that your overall configuration supports parallel accounting.
  
  If you continue to experience issues after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in Financial Accounting.