How To Fix FINS_FI_SIF201 - Ledger &1 is not a standard ledger. Choose a standard ledger

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_FI_SIF - SAP S/4HANA Finance: Subsequent Implementation of Functions

• Message number: 201

• Message text: Ledger &1 is not a standard ledger. Choose a standard ledger

What causes this issue?

Only standard ledgers can be used as source ledgers. Ledger &V1& is not
a standard ledger.

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?

Choose a standard ledger as a source ledger. In addition, you can view
the existing ledgers in the IMG Customizing activity
<DS:SIMG.FINSVC_LEDGER>Define Settings for Ledgers and Currency Types.
</>
For further information about ledgers<(>,<)> you can also view the
documentation, which corresponds to this IMG Customizing activity

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_FI_SIF201 - Ledger &1 is not a standard ledger. Choose a standard ledger ?

  The SAP error message FINS_FI_SIF201 indicates that the ledger you are trying to use is not recognized as a standard ledger in the system. This typically occurs in the context of financial transactions or reporting where a standard ledger is required.
  Cause:
  
  Non-Standard Ledger: The ledger you are attempting to use is either a custom ledger or has not been properly defined as a standard ledger in the system.
  Configuration Issues: The ledger may not be configured correctly in the system settings, or it may not be assigned to the appropriate company code or controlling area.
  Transaction Type: The transaction you are trying to execute may only be compatible with standard ledgers, and the system is enforcing this requirement.
  
  Solution:
  
  Select a Standard Ledger: When prompted by the error message, choose a standard ledger from the available options. Standard ledgers typically include ledgers like "0L" (Leading Ledger) or other predefined ledgers in your SAP system.
  Check Ledger Configuration:
  
  Go to the SAP Customizing Implementation Guide (IMG) and navigate to Financial Accounting (FI) > General Ledger Accounting (New) > Ledger > Define Ledgers.
  Verify if the ledger you are trying to use is listed as a standard ledger. If it is not, you may need to create or configure it properly.
  
  
  Review Company Code Settings: Ensure that the ledger is assigned to the correct company code. You can check this in the same configuration area.
  Consult Documentation: Review SAP documentation or your organization's internal guidelines regarding ledger usage to ensure compliance with standard practices.
  Contact SAP Support: If you are unable to resolve the issue, consider reaching out to SAP support or your internal SAP team for further assistance.
  
  Related Information:
  
  Standard Ledgers: In SAP, standard ledgers are predefined ledgers that are used for financial reporting and are typically required for compliance with accounting standards.
  Custom Ledgers: Custom ledgers can be created for specific business needs but may not be compatible with all transactions or reporting requirements.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB22 (for ledger configuration) and OB37 (for ledger assignment to company codes) to manage ledger settings effectively.
  
  By following these steps, you should be able to resolve the error and proceed with your financial transactions in SAP.