How To Fix FINS_ML_ERD002 - Invalid combination: Accounting principle &1, ledger &2

FINS_ML_ERD002 - Overview

• Message type: E = Error

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

• Message number: 002

• Message text: Invalid combination: Accounting principle &1, ledger &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_ERD002 - Invalid combination: Accounting principle &1, ledger &2 ?

  The SAP error message FINS_ML_ERD002 indicates that there is an invalid combination of accounting principles and ledgers in the system. This error typically arises in the context of the New General Ledger (New GL) functionality in SAP, where multiple accounting principles can be used alongside different ledgers.
  
  Cause:
  The error can occur due to several reasons:
  
  Incorrect Configuration: The accounting principle and ledger combination may not be properly configured in the system. This could be due to missing or incorrect settings in the configuration of the ledgers or accounting principles.
  Data Entry Errors: When entering data, the user may have selected an accounting principle that is not valid for the specified ledger.
  Missing Assignments: The accounting principle may not be assigned to the ledger in the system settings, leading to this error when trying to post transactions.
  
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check Configuration:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to