How To Fix KD615 - Accounting principle missing for company code &1 and valuation &2

SAP Error Message - Details

• Message type: E = Error

• Message class: KD - CO Settlement

• Message number: 615

• Message text: Accounting principle missing for company code &1 and valuation &2

What causes this issue?

A document for valuation &V2& is to be posted in company code &V1&. An
accounting principle cannot be determined for company code &V1& and
valuation &V2&, however.

System Response

The document cannot be posted.

How to fix this error?

Check your configuration of multiple valuation in Controlling:
<DS:SIMG.FCML_MLCO_DC>Set Up Parallel Valuation of Cost of Goods
Manufactured for Company Codes</>
Create an entry for company code &V1& with the accounting principle for
this valuation and exclusive update in valuation &V2&. The material
ledger application does not need to be specified for the settlement.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KD615 - Accounting principle missing for company code &1 and valuation &2 ?

  The SAP error message KD615, which states "Accounting principle missing for company code &1 and valuation &2," typically occurs in the context of controlling (CO) and financial accounting (FI) when there is a mismatch or missing configuration related to accounting principles in the system.
  
  Cause:
  
  Missing Configuration: The accounting principle for the specified company code and valuation area has not been defined in the system.
  Incorrect Settings: The settings for the accounting principles may not be correctly maintained in the configuration.
  Valuation Area Issues: The valuation area specified may not be correctly linked to the company code or may not have the necessary accounting principles assigned.
  
  
  Solution:
  To resolve the KD615 error, follow these steps:
  
  
  Check Configuration:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to Controlling -> Cost Element Accounting -> Master Data -> Accounting Principles.
  Ensure that the accounting principles are defined for the relevant company code and valuation area.
  
  
  
  Define Accounting Principles:
  
  If the accounting principle is missing,