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

FINS_REV_REC053 - Overview

• 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.

FINS_REV_REC053 - Details

• 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