How To Fix RERACA002 - Parameter for tax calculation was not entered in Customizing

RERACA002 - Overview

• Message type: E = Error

• Message class: RERACA - Messages for Package RE_RA_CA Accounting Interface

• Message number: 002

• Message text: Parameter for tax calculation was not entered in Customizing

What causes this issue?

You can enter the type and method of tax calculation in the parameters
for service charge settlement. This is not entered in the selected
setting.

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.

RERACA002 - Details

• The SAP error message RERACA002 indicates that a parameter required for tax calculation has not been configured in the system's Customizing settings. This error typically arises in the context of financial accounting or controlling when the system attempts to perform tax calculations but cannot find the necessary parameters.
  
  Cause:
  The error is usually caused by one of the following reasons:
  
  Missing Configuration: The tax calculation parameters have not been set up in the Customizing settings for the relevant company code or tax area.
  Incorrect Tax Type: The tax type being used in the transaction may not have been defined properly in the system.
  Missing Tax Codes: The tax codes that are supposed to be used for the transaction may not be defined or assigned correctly.
  
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Customizing Settings:
  
  Go to the SAP Customizing Implementation Guide (IMG) by using transaction code SPRO.
  Navigate to Financial Accounting (New) > Financial Accounting Global