How To Fix T1266 - No flows exist that are relevant for accrual/deferral

T1266 - Overview

• Message type: E = Error

• Message class: T1 - Financial instruments

• Message number: 266

• Message text: No flows exist that are relevant for accrual/deferral

What causes this issue?

No premium flows or additional flows exist that are relevant for
accrual/deferral and have a calculation period that may need to be
adjusted as a result of notice given.

Error message extract from SAP system. Copyright SAP SE.

T1266 - Details

• The SAP error message T1266, "No flows exist that are relevant for accrual/deferral," typically occurs in the context of financial accounting when trying to process accruals or deferrals. This error indicates that the system cannot find any relevant financial flows (transactions) that can be processed for accruals or deferrals.
  Causes:
  
  Missing or Incorrect Configuration: The configuration for accruals and deferrals may not be set up correctly in the system. This includes settings in the relevant financial modules (FI, CO, etc.).
  No Relevant Transactions: There may not be any transactions that meet the criteria for accruals or deferrals. This could happen if the transactions have not been posted or if they are not in the correct status.
  Incorrect Document Type: The document type used for the transaction may not be configured to allow accruals or deferrals.
  Period Closing: The accounting period may be closed, preventing any new accruals or deferrals from being processed.
  Selection Criteria: The selection