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

FINS_REV_REC098 - Overview

• 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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FINS_REV_REC098 - Details

• 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