How To Fix GLO_FIN_TAX_DECLN003 - Maintain Default Account of COA &1 before defining an account assignment.


GLO_FIN_TAX_DECLN003 - Overview

  • Message type: E = Error

  • Message class: GLO_FIN_TAX_DECLN - Message Cllass for Input Tax Declaration(China)

  • Message number: 003

  • Message text: Maintain Default Account of COA &1 before defining an account assignment.

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  • Self-Explanatory Message

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    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.

    Unfortunately, there isn't any extra information in this error notice.



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GLO_FIN_TAX_DECLN003 - Details

  • The SAP error message GLO_FIN_TAX_DECLN003 indicates that you need to maintain a default account for the Chart of Accounts (COA) before you can define an account assignment. This error typically arises in the context of tax declaration processes or when configuring financial accounting settings in SAP.
    
    Cause: The error occurs because the system requires a default account to be set up for the specified Chart of Accounts (COA) before you can proceed with defining account assignments. This is often necessary for tax reporting and compliance purposes, as the system needs to know which accounts to use for various financial transactions.
    Solution: To resolve this error, you need to follow these steps: Access the Configuration Settings: Go to the SAP Easy Access screen. Navigate to the following path: SPRO -> SAP Reference IMG -> Financial Accounting (New) -> Financial Accounting Global Settings (New) -> Tax on Sales/Purchases -> Basic Settings -> Maintain Default Account for Chart of Accounts Maintain

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