How To Fix FR206 - Incorrect target tax account in & for entry & & &

SAP Error Message - Details

• Message type: E = Error

• Message class: FR - Messages for FI Reporting

• Message number: 206

• Message text: Incorrect target tax account in & for entry & & &

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 FR206 - Incorrect target tax account in & for entry & & & ?

  The SAP error message FR206, which states "Incorrect target tax account in & for entry & & &," typically occurs during the posting of financial transactions that involve tax calculations. This error indicates that the system has identified an issue with the tax account that is being used in the transaction.
  Cause:
  
  
  Incorrect Tax Account Configuration: The tax account specified in the transaction may not be correctly configured in the system. This could be due to an incorrect account assignment in the tax code or the account not being set up for the relevant tax type.
  
  
  Missing Tax Account: The target tax account may not exist in the chart of accounts or may not be assigned to the relevant tax code.
  
  
  Inconsistent Tax Code Settings: The tax code used in the transaction may not be properly linked to the correct tax accounts in the configuration settings.
  
  
  Posting Period Issues: The posting period may be closed, or the account may not be open for posting in the current period.
  
  
  Solution:
  
  
  Check Tax Code Configuration: Go to the transaction code OBYZ (or FTXP) to review the tax code settings. Ensure that the tax code is correctly assigned to the appropriate tax accounts.
  
  
  Verify Account Assignment: Check the account assignment for the tax code in the configuration. Ensure that the target tax account is valid and exists in the chart of accounts.
  
  
  Review Posting Periods: Ensure that the posting period is open for the transaction. You can check this in the transaction code OB52.
  
  
  Consult with Finance Team: If you are unsure about the correct tax account or configuration, consult with your finance or accounting team to ensure compliance with local tax regulations.
  
  
  Test with Different Transactions: If possible, try posting a similar transaction with a different tax code or account to see if the issue persists.
  
  
  Check for Updates or Notes: Sometimes, SAP releases notes or updates that address specific issues. Check the SAP Support Portal for any relevant notes related to this error.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBYZ (Tax Code Configuration), FTXP (Maintain Tax Codes), and OB52 (Open/Close Posting Periods).
  SAP Documentation: Refer to SAP Help documentation for detailed information on tax configuration and error handling.
  SAP Community: Engage with the SAP Community forums for insights from other users who may have encountered similar issues.
  
  By following these steps, you should be able to identify and resolve the cause of the FR206 error in SAP.