How To Fix FINS_ML_ERD001 - Invalid combination: Accounting principle &1, company code &2

FINS_ML_ERD001 - Overview

• Message type: E = Error

• Message class: FINS_ML_ERD - Material Ledger: Exchange Rate Differences

• Message number: 001

• Message text: Invalid combination: Accounting principle &1, company code &2

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_ML_ERD001 - Invalid combination: Accounting principle &1, company code &2 ?

  The SAP error message FINS_ML_ERD001 indicates that there is an invalid combination of accounting principles and company codes in the system. This error typically arises in the context of the Multi-Layered Accounting (MLA) functionality in SAP, which allows for the management of multiple accounting principles within the same company code.
  
  Cause:
  
  
  Incorrect Configuration: The accounting principle specified does not match the configuration settings for the company code. This could be due to:
  
  The accounting principle not being assigned to the company code in the system.
  The accounting principle being inactive or not properly defined.
  
  
  
  Data Entry Error: There may be a mistake in the data entry where an incorrect accounting principle is selected for a transaction related to the specified company code.
  
  
  Missing Master Data: The necessary master data for the accounting principle or company code may not be set up correctly.
  
  
  
  Solution:
  
  
  Check Configuration:
  
  Go to the configuration settings in SAP and verify that the accounting principle is