How To Fix FT063 - Specify account for revenues from expenses

SAP Error Message - Details

• Message type: E = Error

• Message class: FT - FI Table Maintenance Error Messages

• Message number: 063

• Message text: Specify account for revenues from expenses

What causes this issue?

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

System Response

How to fix this error?

INCLUDE 'CUSTOMIZED_MESSAGE_INFO' OBJECT DOKU ID TX

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FT063 - Specify account for revenues from expenses ?

  The SAP error message FT063, which states "Specify account for revenues from expenses," typically occurs in the context of financial accounting and controlling when there is an issue with the configuration of accounts related to revenue recognition from expenses. This error is often encountered during the posting of transactions that involve expense accounts that should generate revenue.
  Cause:
  The error can arise due to several reasons, including:
  
  
  Missing Configuration: The system may not have a defined account for recognizing revenues from specific expense accounts. This is often the case in the configuration of the Controlling (CO) module or Financial Accounting (FI) module.
  
  
  Incorrect Account Assignment: The account assignment for the expense may not be correctly set up in the system, leading to the inability to determine the corresponding revenue account.
  
  
  Transaction Type: The type of transaction being processed may not be correctly linked to the appropriate revenue account.
  
  
  Master Data Issues: There may be issues with the master data of the accounts involved, such as missing or incorrect settings in the account master records.
  
  
  Solution:
  To resolve the FT063 error, you can take the following steps:
  
  
  Check Account Configuration:
  
  Go to the configuration settings in SAP (Transaction Code: SPRO).
  Navigate to the relevant section for Financial Accounting or Controlling.
  Ensure that the account for revenues from expenses is properly defined. This may involve checking the settings for the relevant expense accounts and ensuring that they are linked to the correct revenue accounts.
  
  
  
  Review Transaction Settings:
  
  Check the transaction type being used and ensure that it is correctly configured to recognize revenues from expenses.
  Ensure that the correct account assignment is being used in the transaction.
  
  
  
  Update Master Data:
  
  Review the master data for the accounts involved in the transaction. Ensure that all necessary fields are filled out correctly and that the accounts are active and properly configured.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on configuring revenue accounts related to expenses.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Seek Help from SAP Support:
  
  If the issue persists after checking the configuration and master data, consider reaching out to SAP support or consulting with an SAP expert for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as SPRO (Customizing), FS00 (G/L Account Master), and others that may help in troubleshooting.
  SAP Notes: Check for any SAP Notes related to error FT063, as they may provide specific fixes or patches.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed, and solutions shared.
  
  By following these steps, you should be able to identify and resolve the cause of the FT063 error in SAP.