How To Fix FINS_REV_REC014 - Revenue recognition method &1 does not support value usage &2

FINS_REV_REC014 - Overview

• Message type: E = Error

• Message class: FINS_REV_REC - Event Based revenue recognition

• Message number: 014

• Message text: Revenue recognition method &1 does not support value usage &2

What causes this issue?

The valuation rule for the company code and accounting principle
settings provide a revenue recognition method and an assignment rule.
The assignment rule of the source assignment and posting rule provides a
list of usages. The quoted revenue recognition method does not support
the quoted value usage.

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.

FINS_REV_REC014 - Details

• The SAP error message FINS_REV_REC014 indicates that there is an issue with the revenue recognition method being used in your SAP system. Specifically, it states that the revenue recognition method you are trying to use does not support the specified value usage.
  
  Cause:
  This error typically arises due to one of the following reasons:
  
  
  Incompatible Revenue Recognition Method: The revenue recognition method assigned to the transaction or document does not support the type of value usage (e.g., revenue, cost, etc.) that you are trying to apply.
  
  
  
  Configuration Issues: The configuration settings for the revenue recognition method may not be set up correctly in the system. This could include missing or incorrect settings in the revenue recognition configuration.
  
  
  Document Type Restrictions: Certain document types may have restrictions on which revenue recognition methods can be used.
  
  
  Value Usage Mismatch: The value usage specified in the transaction does not match the expected value usage for the selected revenue recognition