How To Fix FINS_REV_REC_CUST006 - &1 is neither a primary cost/revenue account nor a balance sheet account

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_REV_REC_CUST - Event-Based Rev. Rec.: Customizing

• Message number: 006

• Message text: &1 is neither a primary cost/revenue account nor a balance sheet account

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_REV_REC_CUST006 - &1 is neither a primary cost/revenue account nor a balance sheet account ?

  The SAP error message FINS_REV_REC_CUST006 indicates that the account you are trying to use in a transaction is neither classified as a primary cost/revenue account nor as a balance sheet account. This typically occurs in the context of revenue recognition or when dealing with financial postings that require specific account types.
  Cause:
  
  Account Type Misconfiguration: The account you are trying to use is not set up correctly in the chart of accounts. It may not be defined as a primary cost/revenue account or a balance sheet account.
  Incorrect Account Assignment: The account may be incorrectly assigned in the transaction or configuration settings, leading to this error.
  Missing Account in Configuration: The account might not be included in the relevant configuration settings for revenue recognition or financial postings.
  
  Solution:
  
  
  Check Account Configuration:
  
  Go to the transaction code FS00 (G/L Account Master Record) and check the account in question.
  Ensure that the account is set up as a primary cost/revenue account or a balance sheet account in the account type settings.
  
  
  
  Adjust Account Type:
  
  If the account is not set up correctly, you may need to change its type. This can be done by editing the account master data in FS00.
  Ensure that the account is assigned to the correct account group that allows it to be used for the intended purpose.
  
  
  
  Review Transaction Settings:
  
  Check the transaction or process you are trying to execute. Ensure that the account is appropriate for the type of transaction (e.g., revenue recognition).
  If necessary, consult with your finance team to determine the correct account to use.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or configuration guides related to revenue recognition and account types to ensure compliance with best practices.
  
  
  
  Testing:
  
  After making changes, perform a test transaction to ensure that the error is resolved.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  FS00: G/L Account Master Record
  OBD4: Configuration for account determination
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  User Roles: Ensure that you have the necessary permissions to make changes to account configurations.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a financial consultant who specializes in SAP configurations.