How To Fix FINS_ACDOC_POST007 - Acc. principle &1 not assigned to ledger &2 for company code &3

FINS_ACDOC_POST007 - Overview

• Message type: E = Error

• Message class: FINS_ACDOC_POST - FIN UDoc posting: Message from posting

• Message number: 007

• Message text: Acc. principle &1 not assigned to ledger &2 for company code &3

What causes this issue?

You are trying to post a journal entry for ledger group &V4& and
accounting principle &V1& in company code &V3&.

System Response

The ledger group &V4& contains ledger &V2&.
The posting is not possible because in the customizing of the ledger
settings you did not assign the accounting principle to the company code
for ledger &V2&.

How to fix this error?

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

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_POST007 - Acc. principle &1 not assigned to ledger &2 for company code &3 ?

  The SAP error message FINS_ACDOC_POST007 indicates that there is an issue with the assignment of an accounting principle to a ledger for a specific company code. This error typically arises during the posting of financial documents when the system cannot find a valid assignment of the accounting principle to the specified ledger.
  
  Cause:
  
  Missing Assignment: The accounting principle (e.g., IFRS, GAAP) is not assigned to the ledger in the configuration settings.
  Incorrect Configuration: The ledger may not be properly configured to use the specified accounting principle.
  Company Code Settings: The company code may not have the necessary settings to support the accounting principle and ledger combination.
  Data Migration Issues: If data was migrated from another system, the necessary assignments may not have been carried over correctly.
  
  
  Solution:
  To resolve the error, follow these steps:
  
  
  Check Ledger Configuration:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to Financial Accounting (New) > General Ledger Accounting (New) > Ledger > Define Ledgers.
  Ensure