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

SAP Error Message - Details

• 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

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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 correctly assigned to the company code.
  Ensure that the accounting principle is active and properly defined in the system.
  
  
  
  Review Master Data:
  
  Check the master data for the company code and accounting principle to ensure that all necessary settings are in place.
  Make sure that the relevant settings for the accounting principle (like currency, fiscal year variant, etc.) are correctly configured.
  
  
  
  Correct Data Entry:
  
  If the error is due to incorrect data entry, ensure that the correct accounting principle is selected for the transaction.
  Validate the input data before processing transactions.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific details on the configuration of accounting principles and company codes.
  
  
  
  Testing:
  
  After making changes, perform tests to ensure that the error does not reoccur and that transactions can be processed successfully.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OBY6 (for defining accounting principles) or OBY1 (for company code settings) to check and modify the configurations.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Roles: Ensure that the user has the necessary authorizations to access and modify the relevant configurations.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial accounting within SAP.