How To Fix FQ770 - The revenue type entered & is not possible

SAP Error Message - Details

• Message type: E = Error

• Message class: FQ - Payment Requests and Payment Program

• Message number: 770

• Message text: The revenue type entered & is not possible

What causes this issue?

The entered revenue type &V1& is irreconcilable with the FM account
assignment from the earmarked funds.

System Response

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

How to fix this error?

Processing would be possible if you either enter a suitable revenue
type or if you mark the FM account assignment in the earmarked funds
as "Account assignment changeable".

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FQ770 - The revenue type entered & is not possible ?

  The SAP error message FQ770, which states "The revenue type entered & is not possible," typically occurs in the context of revenue recognition and billing processes within SAP. This error indicates that the revenue type you are trying to use is not valid for the current transaction or context.
  Causes:
  
  Invalid Revenue Type: The revenue type you are trying to enter may not be defined in the system or may not be allowed for the specific transaction.
  Configuration Issues: The revenue type may not be properly configured in the system settings, such as in the revenue recognition configuration.
  Transaction Context: The revenue type may not be applicable for the specific document type or business process you are working with.
  Authorization Issues: The user may not have the necessary authorizations to use the specified revenue type.
  
  Solutions:
  
  
  Check Revenue Type Configuration:
  
  Go to the configuration settings in SAP (Transaction SPRO) and navigate to the relevant area for revenue recognition.
  Ensure that the revenue type you are trying to use is defined and properly configured.
  
  
  
  Verify Transaction Context:
  
  Check the document type or transaction you are working with to ensure that the revenue type is applicable.
  Review the business process to confirm that the revenue type aligns with the intended use.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to revenue types and their usage to ensure you are using the correct type.
  
  
  
  User Authorizations:
  
  Ensure that the user has the necessary authorizations to use the specified revenue type. This may involve checking user roles and permissions.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for further assistance. They may provide insights specific to your system configuration.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FBL1N (Vendor Line Item Display), FBL3N (G/L Account Line Item Display), or others that may be related to revenue recognition.
  SAP Notes: Check for any SAP Notes related to error FQ770, as they may provide specific fixes or patches.
  Community Forums: Engage with SAP community forums or user groups where similar issues may have been discussed.
  
  By following these steps, you should be able to identify the cause of the FQ770 error and implement a solution.