How To Fix TPM_TRAC1510 - No accounting principle for valuation area &2 in accounting code &1

SAP Error Message - Details

• Message type: E = Error

• Message class: TPM_TRAC1 - Treasury: Messages on Accounting Adaptor

• Message number: 510

• Message text: No accounting principle for valuation area &2 in accounting code &1

What causes this issue?

You have not entered any accounting principles for the assignment of
valuation area &V2& to accounting code &V1& although you want to update
to Financial Accounting.
You must enter an accounting principle to be able to make postings from
Transaction Management to the general ledger in accordance with your
settings.

System Response

Error messages will appear when you try to post data.

How to fix this error?

Enter an accounting principle for the assignment of valuation area &V2&
to accounting code &V1& in Customizing for the <LS>Transaction Manager
</> under <LS>General Settings -> Accounting -> Organization -> Assign
Accounting Codes and Valuation Areas</>.

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 TPM_TRAC1510 - No accounting principle for valuation area &2 in accounting code &1 ?

  The SAP error message TPM_TRAC1510 indicates that there is no accounting principle defined for a specific valuation area in the context of the accounting code. This error typically arises in the context of Treasury and Risk Management (TRM) when dealing with financial instruments or transactions that require specific accounting principles to be applied.
  Cause:
  
  Missing Configuration: The most common cause of this error is that the accounting principle for the specified valuation area has not been configured in the system.
  Incorrect Valuation Area: The valuation area specified in the error message may not be correctly set up or may not correspond to the accounting code being used.
  Data Inconsistency: There may be inconsistencies in the master data or configuration settings that lead to this error.
  
  Solution:
  
  
  Check Configuration:
  
  Go to the configuration settings for Treasury and Risk Management.
  Navigate to the section where accounting principles are defined (usually under Financial Accounting or Treasury settings).
  Ensure that the accounting principle for the specified valuation area is correctly defined and active.
  
  
  
  Define Accounting Principles:
  
  If the accounting principle is missing, you will need to create it. This can typically be done in the customizing settings (SPRO) under:
  
  Financial Accounting (New) > General Ledger Accounting (New) > Master Data > Define Accounting Principles.
  
  
  Make sure to assign the correct valuation area to the accounting principle.
  
  
  
  Validate Valuation Area:
  
  Check if the valuation area specified in the error message is correct and corresponds to the intended accounting code.
  Ensure that the valuation area is active and properly configured in the system.
  
  
  
  Review Master Data:
  
  Check the master data related to the financial instruments or transactions that are causing the error. Ensure that all necessary fields are filled out correctly and that there are no inconsistencies.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like SPRO for configuration, OBY6 for defining accounting principles, or TPM1 for managing Treasury transactions.
  Documentation: Refer to SAP Help documentation for detailed steps on configuring accounting principles and valuation areas.
  Support: If the issue persists after checking the configuration, consider reaching out to SAP support or consulting with a functional consultant who specializes in Treasury and Risk Management.
  
  By following these steps, you should be able to resolve the TPM_TRAC1510 error and ensure that the accounting principles are correctly set up for your valuation areas.