How To Fix FINS_REV_REC098 - Please choose a well defined accounting principle, &1 does not suit

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_REV_REC - Event Based revenue recognition

• Message number: 098

• Message text: Please choose a well defined accounting principle, &1 does not suit

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_REV_REC098 - Please choose a well defined accounting principle, &1 does not suit ?

  The SAP error message FINS_REV_REC098 typically occurs in the context of revenue recognition and indicates that the accounting principle selected does not align with the requirements of the transaction or the configuration in the system. This error is often related to the configuration of revenue recognition methods and accounting principles in SAP.
  Cause:
  
  Mismatch of Accounting Principles: The accounting principle you have selected for the transaction does not match the requirements set in the system for the specific revenue recognition method.
  Configuration Issues: There may be a misconfiguration in the revenue recognition settings or accounting principles in the SAP system.
  Transaction Type: The transaction type being processed may not be compatible with the selected accounting principle.
  Master Data Issues: The master data for the customer, product, or contract may not be set up correctly, leading to this error.
  
  Solution:
  
  Check Accounting Principle: Review the accounting principle you are trying to use and ensure it is appropriate for the transaction. You may need to select a different accounting principle that aligns with the transaction type.
  Review Configuration: Go to the configuration settings for revenue recognition in SAP (Transaction SPRO) and verify that the accounting principles and revenue recognition methods are correctly set up.
  Transaction Type Compatibility: Ensure that the transaction type you are processing is compatible with the accounting principle. You may need to adjust the transaction type or the accounting principle accordingly.
  Master Data Review: Check the master data related to the transaction (e.g., customer master, contract master) to ensure that all relevant fields are correctly filled out and that the data is consistent with the accounting principles.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidelines on the accounting principles and revenue recognition methods applicable to your scenario.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on configuration.
  Transaction Codes: Familiarize yourself with transaction codes related to revenue recognition, such as FBL1N (Vendor Line Item Display), FBL3N (G/L Account Line Item Display), and FBL5N (Customer Line Item Display) for further analysis.
  SAP Community: Engage with the SAP Community forums to see if other users have encountered similar issues and what solutions they have found.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a consultant who specializes in SAP finance and controlling (FICO) for further assistance.