How To Fix FINS_REV_REC_CUST100 - G/L account &1 (&2) is not assigned to an expense type

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 100

• Message text: G/L account &1 (&2) is not assigned to an expense type

What causes this issue?

You are posting to a CPM customer project, but the G/L expense account
is not assigned to an expense type of the CPM application.

System Response

The posting is prohibited by the system to avoid issues in subsequent
processes, especially plan/actual comparison and determination of the
POC (percentage of completion).
With a fixed price contract, the POC is the basis for revenue
recognition. If the G/L expense account is not assigned to an expense
type, the event-based revenue recognition posting fails.

How to fix this error?

Assign account &V1& in chart of accounts &V2& to an expense ID or use a
different account for the posting.
To maintain the assignment, use the app 'Maintain Your Solution' and
choose 'Configure Your Solution'. The configuration item is 'Customer
and Internal Project Management'.
Proceed as described in the configuration help for configuration step
'Define Resources'.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_REV_REC_CUST100 - G/L account &1 (&2) is not assigned to an expense type ?

  The SAP error message FINS_REV_REC_CUST100 indicates that a General Ledger (G/L) account is not assigned to an expense type in the system. This error typically arises during the processing of revenue recognition or when trying to post transactions that require a specific configuration of G/L accounts.
  Cause:
  
  Missing Configuration: The G/L account specified in the error message is not linked to an expense type in the system configuration. This can happen if the account was newly created or if there were changes in the account settings.
  Incorrect Account Usage: The G/L account may not be intended for the type of transaction being processed, leading to the system not recognizing it as valid for the operation.
  Customizing Settings: The settings in the Financial Accounting (FI) module may not be properly configured to recognize the G/L account for the intended purpose.
  
  Solution:
  
  
  Check G/L Account Configuration:
  
  Go to the transaction code OBYC (Automatic Postings) in SAP.
  Look for the relevant configuration for the G/L account in question.
  Ensure that the G/L account is assigned to the correct expense type.
  
  
  
  Assign Expense Type:
  
  If the G/L account is not assigned to an expense type, you will need to assign it. This can typically be done in the configuration settings under Financial Accounting > General Ledger Accounting > Master Data > G/L Accounts > Prepare G/L Account Creation.
  Ensure that the account is set up correctly for the intended use (e.g., as an expense account).
  
  
  
  Review Transaction Type:
  
  Ensure that the transaction you are trying to post is appropriate for the G/L account being used. If the account is not meant for that type of transaction, consider using a different account.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for specific guidelines on how to configure G/L accounts and expense types.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error does not reoccur.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FS00 (G/L Account Master Record), OBYC (Automatic Postings), and FSP0 (G/L Account Master Record - Change).
  SAP Notes: Check SAP Notes for any known issues or additional guidance related to this error message.
  User Roles: Ensure that you have the necessary authorizations to make changes to G/L account configurations.
  
  If the issue persists after following these steps, it may be beneficial to engage with your SAP support team or a consultant who specializes in SAP Financial Accounting for further assistance.