How To Fix FIPT_SAFT003 - More than one Taxonomy Code defined for G/L Account &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FIPT_SAFT - Messages for SAFT - Specfic for Portugal

• Message number: 003

• Message text: More than one Taxonomy Code defined for G/L Account &1

What causes this issue?

There is more than one Taxonomy Code defined for G/L Account &V1&

System Response

More than one value found for G/L Account &V1&

How to fix this error?

You must make settings<LS> </>in <LS>Assign Taxonomy Codes to G/L
Accounts</> (table FIPTC_TAXOACC), for G/L Account &V1&, from date &V2&
to &V3&, for company code &V4&.

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 FIPT_SAFT003 - More than one Taxonomy Code defined for G/L Account &1 ?

  The SAP error message FIPT_SAFT003 indicates that there is more than one Taxonomy Code defined for a specific General Ledger (G/L) account in the context of the Standard Audit File for Tax (SAFT) reporting. This situation typically arises when the system encounters multiple taxonomies that are associated with the same G/L account, which can lead to confusion during the reporting process.
  Cause:
  
  Multiple Taxonomy Codes: The primary cause of this error is that the G/L account in question has been assigned multiple taxonomy codes in the system. This can happen due to incorrect configuration or data entry.
  Configuration Issues: There may be issues in the configuration settings related to taxonomies in the SAP system, leading to the assignment of multiple codes to a single account.
  Data Migration Issues: If data has been migrated from another system, it is possible that the migration process did not handle taxonomy codes correctly, resulting in duplicates.
  
  Solution:
  
  
  Review Taxonomy Assignments:
  
  Go to the configuration settings for the G/L account in question.
  Check the taxonomy codes assigned to the G/L account and identify any duplicates.
  Remove or correct any unnecessary or incorrect taxonomy codes.
  
  
  
  Update Configuration:
  
  If the issue is due to configuration, ensure that the taxonomy codes are set up correctly in the system.
  Make sure that each G/L account is assigned only one relevant taxonomy code.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or guidelines related to SAFT and taxonomy code assignments to ensure compliance with reporting requirements.
  
  
  
  Testing:
  
  After making changes, perform a test run of the SAFT report to ensure that the error is resolved and that the report generates correctly.
  
  
  
  Seek Support:
  
  If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with an SAP expert who can provide further assistance.
  
  
  
  Related Information:
  
  SAFT Reporting: The Standard Audit File for Tax is a standard format for electronic exchange of accounting data between businesses and tax authorities. It is important to ensure that the data is accurate and compliant with local regulations.
  Taxonomy Codes: These codes are used to classify financial data for reporting purposes. Each G/L account should ideally have a single taxonomy code that accurately reflects its nature and purpose.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on handling taxonomy codes.
  
  By following these steps, you should be able to resolve the FIPT_SAFT003 error and ensure that your G/L accounts are correctly configured for SAFT reporting.