How To Fix FINS_REV_REC_CUST031 - Enter an accounting principle

FINS_REV_REC_CUST031 - Overview

• Message type: E = Error

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

• Message number: 031

• Message text: Enter an accounting principle

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_REC_CUST031 - Details

• The SAP error message FINS_REV_REC_CUST031 typically occurs in the context of revenue recognition and indicates that an accounting principle must be specified for the transaction you are trying to process. This error is often encountered in the SAP S/4HANA environment, particularly when dealing with revenue recognition scenarios.
  
  Cause:
  The error arises when:
  
  Missing Accounting Principle: The system requires an accounting principle to be defined for the revenue recognition process, but it has not been provided in the transaction.
  
  Configuration Issues: The accounting principles may not be properly configured in the system, or the relevant settings for revenue recognition are incomplete.
  Transaction Type: The transaction type being processed may require a specific accounting principle that has not been set up.
  
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check Transaction Data:
  
  Ensure that the transaction you are processing includes a valid accounting principle. This may involve reviewing the document or entry you are trying to post.
  
  
  
  Define Accounting