How To Fix FINS_REV_REC057 - Please customize &1 / &2 for company code &3 properly

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_REV_REC - Event Based revenue recognition

• Message number: 057

• Message text: Please customize &1 / &2 for company code &3 properly

What causes this issue?

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

System Response

The quoted accounting principle / ledger is not properly customized for
the quoted company code.

How to fix this error?

You may
check whether the accounting principle / ledger for which the processing
is requested is properly chosen<(>,<)>
or contact your system administrator.

Procedure for System Administrators

The system administrator may check and correct the customizing.
If it is intended to allow the quoted accounting principle / ledger to
be used for a particular company code this can be customized in the
settings 'Define Settings for Ledgers and Currency Types'. There you
will find a suitable section.
It might also be the case, that the customizing of event based revenue
recognition is not available or incomplete.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_REV_REC057 - Please customize &1 / &2 for company code &3 properly ?

  The SAP error message FINS_REV_REC057 typically occurs in the context of revenue recognition and indicates that there is a configuration issue related to the revenue recognition settings for a specific company code. The message suggests that the system requires customization for the specified configuration elements (indicated by &1 and &2) for the given company code (&3).
  Cause:
  The error can arise due to several reasons, including:
  
  Missing Configuration: The necessary settings for revenue recognition are not properly configured for the specified company code.
  Incorrect Settings: The existing configuration may be incorrect or incomplete, leading to inconsistencies in how revenue recognition is processed.
  Company Code Specific Settings: The settings for the company code in question may not align with the requirements of the revenue recognition process.
  
  Solution:
  To resolve the error, you should follow these steps:
  
  
  Access Customizing Settings:
  
  Go to the SAP Easy Access screen and navigate to the customizing settings for revenue recognition. This is typically found under:
  
  SPRO -> SAP Reference IMG -> Financial Accounting (New) -> Revenue Recognition.
  
  
  
  
  
  Check Configuration:
  
  Review the configuration for the specific company code mentioned in the error message. Ensure that all necessary settings are in place.
  Pay attention to the settings related to revenue recognition methods, accounting principles, and any other relevant parameters.
  
  
  
  Adjust Settings:
  
  If you find that certain settings are missing or incorrect, make the necessary adjustments. This may involve defining or modifying the revenue recognition method, adjusting the accounting settings, or ensuring that all required fields are filled out correctly.
  
  
  
  Test the Configuration:
  
  After making changes, perform a test to ensure that the revenue recognition process works as expected without triggering the error message.
  
  
  
  Consult Documentation:
  
  If you are unsure about the required settings, refer to SAP documentation or consult with your SAP functional consultant for guidance on the specific configuration needed for your business processes.
  
  
  
  Transport Changes:
  
  If you are working in a development environment, ensure that any changes made are transported to the appropriate environments (e.g., quality assurance, production) as needed.
  
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or solutions related to this error message.
  Community Forums: Consider searching or posting in SAP community forums for additional help from other users who may have encountered similar issues.
  Training and Documentation: Ensure that your team is trained on the revenue recognition process and understands the importance of proper configuration.
  
  By following these steps, you should be able to resolve the FINS_REV_REC057 error and ensure that your revenue recognition settings are correctly configured for the specified company code.