How To Fix FINS_REV_REC019 - Company &1, acc. principle &2 intersects with rev.rec.-acc. principle &3

FINS_REV_REC019 - Overview

• Message type: E = Error

• Message class: FINS_REV_REC - Event Based revenue recognition

• Message number: 019

• Message text: Company &1, acc. principle &2 intersects with rev.rec.-acc. principle &3

What causes this issue?

The two quoted accounting principles share a common ledger. This
configuration cannot be used for event based revenue recognition.

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

You need to change the assignment between accounting principles and
ledgers or you switch off event based revenue for one of the two quoted
accounting principles.

Error message extract from SAP system. Copyright SAP SE.

FINS_REV_REC019 - Details

• The SAP error message FINS_REV_REC019 typically occurs in the context of revenue recognition and indicates a conflict between accounting principles for revenue recognition. The message states that the company code and accounting principle specified intersect with another revenue recognition accounting principle, which can lead to inconsistencies in financial reporting.
  
  Cause:
  The error is usually caused by one of the following issues:
  
  
  Configuration Issues: There may be a misconfiguration in the revenue recognition settings for the specified company code and accounting principles.
  Overlapping Accounting Principles: The accounting principles defined for revenue recognition may overlap or conflict with each other, leading to ambiguity in how revenue should be recognized.
  Incorrect Assignment: The assignment of accounting principles to the company code or the revenue recognition process may not be set up correctly.
  
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check Configuration:
  
  Go to the configuration settings for revenue recognition in SAP (Transaction Code: SPRO).
  Navigate to the relevant sections