How To Fix FINS_REV_REC053 - Maintain accrual account for AsgnRule &1, Chrt/Accts &2 and usage &4

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_REV_REC - Event Based revenue recognition

• Message number: 053

• Message text: Maintain accrual account for AsgnRule &1, Chrt/Accts &2 and usage &4

What causes this issue?

For the assignment rule &V1& in chart of accounts &V2&, the line with
assignment source &V3& and usage &V4& does not provide a B/S account for
accruals.

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?

You may:
check whether the correct results analysis key is assigned to the object
for which event-based revenue recognition is processed
check whether the accounting principle for which the processing is
requested is properly selected
or contact your system administrator

Procedure for System Administrators

The system administrator may check and correct the missing account in
the customizing of event-based revenue recognition for the indicated
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_REC053 - Maintain accrual account for AsgnRule &1, Chrt/Accts &2 and usage &4 ?

  The SAP error message FINS_REV_REC053 indicates that there is a missing configuration for the accrual account related to a specific assignment rule, chart of accounts, and usage type in the Revenue Recognition module. This error typically arises when the system is trying to process a transaction that requires an accrual account, but the necessary configuration has not been set up.
  Cause:
  
  Missing Accrual Account Configuration: The primary cause of this error is that the accrual account for the specified assignment rule and chart of accounts has not been maintained in the system.
  Incorrect Assignment Rule: The assignment rule being used may not have a corresponding accrual account defined.
  Chart of Accounts Issues: The chart of accounts specified may not have the necessary settings or may not be properly linked to the assignment rule.
  
  Solution:
  To resolve the error, you need to maintain the accrual account for the specified assignment rule and chart of accounts. Here are the steps to do this:
  
  
  Access the Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to the following path: 
  SPRO -> SAP Reference IMG -> Financial Accounting (New) -> Revenue Recognition -> Define Accrual Accounts
  
  
  
  
  Maintain Accrual Account:
  
  In the configuration screen, look for the option to maintain accrual accounts.
  Enter the assignment rule (&1), chart of accounts (&2), and usage type (&4) as indicated in the error message.
  Assign the appropriate accrual account to the combination of assignment rule and chart of accounts.
  
  
  
  Save Changes: After entering the necessary information, save your changes.
  
  
  Test the Configuration: After maintaining the accrual account, try to execute the transaction again that previously resulted in the error to ensure that the issue has been resolved.
  
  
  Related Information:
  
  Assignment Rules: These are used to determine how revenue is recognized and can vary based on the type of transaction or business process.
  Chart of Accounts: This is a listing of all accounts used by an organization in its general ledger, and it is crucial for financial reporting.
  Usage Types: These define the purpose of the account and how it should be used in the context of revenue recognition.
  
  If the error persists after following these steps, it may be necessary to check for additional configuration settings or consult with your SAP support team for further assistance.