How To Fix RETMFI071 - &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: 071

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

What causes this issue?

The system settings require you to enter a profit center.
The entered profit center automatically applies also for any lower-level
objects. Therefore, it is sufficient to enter the profit center at the
business entity level.
An entry in lower-level objects (building, land, rental object, or real
estate contract) is only necessary if the profit center differs from the
one on 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

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?

Enter the profit center (preferably on the level of the business entity)
for the organizational assignment term type on the <ZK>Posting
Parameters</> tab page.

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 RETMFI071 - &1: profit center accounting is active, enter a profit center for &2 ?

  The SAP error message RETMFI071 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 assigned.
  The relevant master data (such as cost centers, internal orders, or other objects) does not have a profit center assigned.
  The configuration settings in the system require a profit center for the specific transaction type being processed.
  
  Solution:
  To resolve the RETMFI071 error, you can take the following steps:
  
  
  Check the Document: Review the document that triggered the error. Ensure that a profit center is specified in the relevant fields.
  
  
  Assign a Profit Center:
  
  If you are entering a transaction manually, make sure to enter a valid profit center in the appropriate field.
  If the profit center should be derived from master data (like cost centers or internal orders), ensure that the master data is correctly maintained with the appropriate profit center.
  
  
  
  Review Master Data:
  
  Check the master data for the relevant cost centers, internal orders, or other objects to ensure they have a profit center assigned.
  You can do this by navigating to the relevant transaction codes (e.g., KS03 for cost centers) and verifying the profit center assignment.
  
  
  
  Configuration Settings:
  
  If the requirement for a profit center is not intended, you may need to review the configuration settings in the Financial Accounting (FI) module to determine if profit center accounting should be mandatory for the specific transaction type.
  This may involve consulting with your SAP configuration team or reviewing the settings in the SAP Customizing Implementation Guide (IMG).
  
  
  
  Consult Documentation: If you are unsure about the specific requirements for profit center accounting in your organization, refer to your internal documentation or consult with your finance team.
  
  
  Related Information:
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  FB01: Post Document
  F-02: General Posting
  KS03: Display Cost Center
  KO03: Display Internal Order
  
  
  
  Profit Center Accounting: Understand the role of profit centers in your organization’s financial reporting and how they relate to cost centers and internal orders.
  
  
  SAP Notes: Check SAP Notes for any specific patches or updates related to this error message, as there may be known issues or enhancements that could affect how profit centers are handled.
  
  
  By following these steps, you should be able to resolve the RETMFI071 error and ensure that profit centers are correctly assigned in your financial transactions.