How To Fix FINS_REV_REC008 - Maintain all accounts for chart of acc. &1 assignment rule/no &2/&3

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_REV_REC - Event Based revenue recognition

• Message number: 008

• Message text: Maintain all accounts for chart of acc. &1 assignment rule/no &2/&3

What causes this issue?

The quoted source assignment and posting rule does not proved all
requested GL accounts.

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?

Contact your system administrator.

Procedure for System Administrators

The system administrator may check and correct the customizing of event
based revenue recognition for the quoted parameter set.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_REV_REC008 - Maintain all accounts for chart of acc. &1 assignment rule/no &2/&3 ?

  The SAP error message FINS_REV_REC008 typically occurs in the context of revenue recognition and is related to the configuration of accounts in the chart of accounts for a specific assignment rule. This error indicates that not all necessary accounts have been maintained for the specified assignment rule in the chart of accounts.
  Cause:
  The error is triggered when the system attempts to process a transaction that requires specific accounts to be defined for a particular assignment rule, but those accounts are missing or not properly configured. This can happen due to:
  
  Incomplete Configuration: The necessary accounts for the assignment rule have not been set up in the system.
  Incorrect Assignment Rule: The assignment rule being used does not have the required accounts linked to it.
  Chart of Accounts Issues: The chart of accounts may not have the necessary accounts defined for the specific business area or company code.
  
  Solution:
  To resolve the error, you need to ensure that all required accounts are maintained for the specified assignment rule. Here are the steps to do this:
  
  
  Access Configuration:
  
  Go to the SAP Easy Access screen and navigate to the configuration settings for revenue recognition.
  This is typically found under SPRO > Financial Accounting > Revenue Recognition > Define Accounts for Revenue Recognition.
  
  
  
  Check Assignment Rules:
  
  Identify the assignment rule mentioned in the error message (e.g., &2/&3).
  Review the accounts that are linked to this assignment rule.
  
  
  
  Maintain Accounts:
  
  If any accounts are missing, you will need to create or maintain them. Ensure that all required accounts (e.g., revenue accounts, expense accounts, etc.) are properly defined for the assignment rule.
  Make sure that the accounts are valid and active in the chart of accounts.
  
  
  
  Test the Configuration:
  
  After making the necessary changes, test the transaction again to see if the error persists.
  
  
  
  Consult Documentation:
  
  If you are unsure about which accounts are required, refer to SAP documentation or consult with your SAP functional consultant for guidance on the specific requirements for your business processes.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OBY6 (for maintaining the chart of accounts) or OBD4 (for defining account determination) to access the relevant configuration settings.
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or updates related to this error message.
  User Roles: Ensure that you have the necessary authorizations to make changes to the configuration settings.
  
  By following these steps, you should be able to resolve the FINS_REV_REC008 error and ensure that your revenue recognition processes function correctly.