How To Fix RETMFI031 - &1: profit center accounting is active, enter a profit center for &2

SAP Error Message - Details

• Message type: E = Error

• Message class: RETMFI - Messages for Posting Terms

• Message number: 031

• Message text: &1: profit center accounting is active, enter a profit center for &2

What causes this issue?

The system settings require the entry of a profit center.
An entered profit center automatically applies to the lower-level
objects. Therefore, it is sufficient to enter the profit center at the
business entity level.
An entry in the lower-level objects (building, land, rental object, or
real estate contract) is only necessary if the profit center differs
from the higher-level object.
Changes to the profit center automatically have an effect on all
lower-level objects for which no profit center was explicitly defined.

System Response

How to fix this error?

Enter the profit center (if possible at business entity level) on the
<ZK>Posting Parameters</> tab page for the <ZK>Organizational Assignment
</> term type.

Procedure for System Administrators

INCLUDE 'RECA_CUSTOMIZED_MESSAGE_INFO' OBJECT DOKU ID TX

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message RETMFI031 - &1: profit center accounting is active, enter a profit center for &2 ?

  The SAP error message RETMFI031 indicates that profit center accounting is active in your system, but a profit center has not been specified for a particular transaction or document. This error typically occurs in the context of financial postings where profit center accounting is required.
  Cause:
  The error arises when:
  
  A financial document (like an invoice, journal entry, etc.) is being processed, and the system requires a profit center to be specified.
  The relevant configuration in the system mandates that a profit center must be assigned to the transaction, but it has not been provided.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Identify the Document: Determine which document or transaction is causing the error. The error message usually provides a reference to the document number or type.
  
  
  Enter a Profit Center:
  
  Navigate to the transaction or document that triggered the error.
  Look for the field where the profit center should be entered. This is typically found in the line item details of the financial document.
  Enter a valid profit center that corresponds to the business unit or department responsible for the transaction.
  
  
  
  Check Configuration:
  
  If you are consistently encountering this error, check the configuration settings in the SAP system to ensure that profit center accounting is set up correctly.
  Ensure that the profit centers are defined and that the relevant master data (like cost centers, internal orders, etc.) is correctly linked to the profit centers.
  
  
  
  Consult with Finance Team: If you are unsure about which profit center to use, consult with your finance or accounting team to ensure that the correct profit center is assigned based on your organization's accounting policies.
  
  
  Review User Authorizations: Ensure that you have the necessary authorizations to enter or modify profit center information in the system.
  
  
  Related Information:
  
  Profit Center Accounting: This is a part of SAP's Controlling (CO) module, which allows organizations to analyze their profitability by different segments (profit centers).
  Master Data: Ensure that the profit center master data is maintained correctly in the system. This includes attributes like the controlling area, validity dates, and assignment to company codes.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  KE51: Create Profit Center
  KE52: Change Profit Center
  KE53: Display Profit Center
  
  
  
  By following these steps, you should be able to resolve the RETMFI031 error and successfully process your financial transactions in SAP.