How To Fix FINS_REV_REC060 - &1 &2 is deactivated for company code &3 because &4

FINS_REV_REC060 - Overview

• Message type: E = Error

• Message class: FINS_REV_REC - Event Based revenue recognition

• Message number: 060

• Message text: &1 &2 is deactivated for company code &3 because &4

What causes this issue?

The quoted ledger is deactivated for the quoted company code and fiscal
year.

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
consider whether the accounting principle is appropriate
or contact your system administration.

Procedure for System Administrators

You may check and correct the customizing for event based revenue
recognition. For direct access of the customizing you may use the
transaction SM34 for the view cluster FINS_TRR.

Error message extract from SAP system. Copyright SAP SE.

FINS_REV_REC060 - Details

• The SAP error message FINS_REV_REC060 typically relates to revenue recognition in the context of financial accounting. This error indicates that a specific revenue recognition method or process is deactivated for a particular company code due to a specific reason.
  
  Cause:
  The error message FINS_REV_REC060 is triggered when:
  
  A revenue recognition method is not activated for the specified company code.
  There may be configuration settings that prevent the revenue recognition process from being executed.
  The company code may not be set up correctly in the system for the revenue recognition process.
  There could be a missing or incorrect assignment of the revenue recognition method to the company code.
  
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Configuration Settings:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to the section for Financial Accounting (FI) and then to Revenue Recognition.
  Verify that the revenue recognition method is correctly configured and activated for the relevant company code.
  
  
  
  Activate Revenue Recognition:
  
  If the revenue