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

SAP Error Message - Details

• 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

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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 Financial Accounting (New) > General Ledger Accounting (New) > Ledger > Define Ledgers.
  Ensure that the accounting principle is correctly assigned to the ledger in question.
  
  
  
  Review Accounting Principles:
  
  Check the configuration of accounting principles under Financial Accounting (New) > General Ledger Accounting (New) > Ledger > Define Accounting Principles.
  Make sure that the accounting principle you are trying to use is valid for the ledger you are working with.
  
  
  
  Validate Data Entry:
  
  When entering transactions, double-check that the correct accounting principle and ledger are selected.
  Ensure that the combination you are using is valid and exists in the system.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to the New GL and accounting principles for any specific requirements or configurations that may be necessary.
  
  
  
  Testing:
  
  After making any changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OB22 (for defining ledgers) and OB37 (for defining accounting principles) to access the relevant configuration settings.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on configuration.
  User Roles: Ensure that the user has the necessary authorizations to access and modify ledger and accounting principle settings.
  
  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 and New GL configurations.