How To Fix FTI_LDB_MESSAGE050 - Update type &1, valuation area &2: Incorrect profit/loss customizing

SAP Error Message - Details

• Message type: E = Error

• Message class: FTI_LDB_MESSAGE - Messages for TR OLTP Reporting Using Logical Databases

• Message number: 050

• Message text: Update type &1, valuation area &2: Incorrect profit/loss customizing

Trados Memory = TR

What causes this issue?

The specified combination (update type, valuation area) shows an
inconsistency in profit/loss customizing. The update type is indicated
as being relevant for profit/loss for reporting. However, no plus/minus
sign has been set. This means that you cannot distinguish between
expenses and revenues.

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?

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 FTI_LDB_MESSAGE050 - Update type &1, valuation area &2: Incorrect profit/loss customizing ?

  The SAP error message FTI_LDB_MESSAGE050 typically indicates an issue with the configuration of profit and loss (P&L) accounts in the context of the Financial Transaction Management (FTI) module. This error arises when there is a mismatch or incorrect setup in the customizing settings related to the update type and valuation area specified in the error message.
  Cause:
  
  Incorrect Customizing Settings: The error often occurs due to incorrect or incomplete customizing settings for profit and loss accounts in the Financial Accounting (FI) module.
  Mismatch in Update Type and Valuation Area: The update type and valuation area specified in the error message may not be properly configured in the system.
  Missing or Incorrect Account Assignments: There may be missing or incorrect account assignments for the specified update type and valuation area.
  
  Solution:
  
  
  Check Customizing Settings:
  
  Navigate to the customizing settings for profit and loss accounts in the SAP system. This can typically be found under SPRO > Financial Accounting > General Ledger > Master Data > G/L Accounts > Prepare G/L Accounts for Posting.
  Ensure that the profit and loss accounts are correctly defined for the specified update type and valuation area.
  
  
  
  Review Update Type and Valuation Area:
  
  Verify that the update type and valuation area mentioned in the error message are correctly configured in the system.
  Check if the update type is valid for the specified valuation area.
  
  
  
  Account Assignment:
  
  Ensure that all necessary account assignments are in place for the relevant update type and valuation area.
  If any accounts are missing, create or adjust them as necessary.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on configuring profit and loss accounts and resolving related errors.
  
  
  
  Testing:
  
  After making the necessary adjustments, perform tests to ensure that the error no longer occurs and that transactions can be processed correctly.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as OB52 (for fiscal year variant), OBY6 (for account assignment), or FS00 (to manage G/L accounts) to access relevant settings.
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or solutions for this specific error message.
  Support: If the issue persists after checking the configurations, consider reaching out to SAP support or consulting with an SAP FI/CO expert for further assistance.
  
  By following these steps, you should be able to identify and resolve the underlying cause of the FTI_LDB_MESSAGE050 error in your SAP system.