How To Fix FINS_REV_REC020 - Company code &1 / acc. principle &3: no integration of CO to ledger &2

FINS_REV_REC020 - Overview

• Message type: E = Error

• Message class: FINS_REV_REC - Event Based revenue recognition

• Message number: 020

• Message text: Company code &1 / acc. principle &3: no integration of CO to ledger &2

What causes this issue?

The representative ledger for the quoted accounting principle does not
post to controlling (application CO). Event based revenue recognition
does not support this configuration.

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

Error message extract from SAP system. Copyright SAP SE.

FINS_REV_REC020 - Details

• The SAP error message FINS_REV_REC020 indicates that there is an issue with the integration between Controlling (CO) and Financial Accounting (FI) in the context of revenue recognition. Specifically, the error message states that there is no integration of CO to the ledger for the specified company code and accounting principle.
  
  Cause:
  The error can occur due to several reasons, including:
  
  
  Missing Configuration: The integration between CO and FI may not be properly configured. This can happen if the necessary settings in the controlling area or the ledger are not established.
  
  
  Incorrect Settings in the Ledger: The ledger may not be set up to allow for CO integration. This can include missing or incorrect settings in the ledger configuration.
  
  
  Company Code or Accounting Principle Issues: The specified company code or accounting principle may not be correctly linked to the controlling area or may not have the necessary settings for integration.
  
  
  Missing Assignment: The assignment of the controlling