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SAP STELLA THE REPORTER DETECTIVE

, SAP FI Certified Associate Consultant

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Published on Oct 15, 2014

This document contains Common Errors in SAP FICO with Solutions for Reference
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Common Errors in SAP FICO with Solutions

1. 1. SAP FINANCIALS & CONTROLLING COMMON ERRORS WITH SOLUTIONS By
Pramila Nagaraj SAP Certified Candidate @ Source One Management Services
Pvt. Ltd Bangalore 2014 Copy Rights SourceOne Management Services Pvt.
Ltd Bangalore
2. 2. 2014 Copy Rights SourceOne Management Services Pvt. Ltd Bangalore
Common Errors in SAP FICO with Solutions When you run transactions you can
encounter errors. These errors are usually missing configuration. Some of the

most frequent errors with solutions are listed below. 1. Transaction in area NN
contradicts the net book value rule You get this error when you try to post
value to asset such as special or unplanned depreciation which will make the
Net book value of asset negative. The issue can be fixed by going to
depreciation area configuration for chart of depreciation and changing the
value allowed to All Values Allowed. However, before you change the
configuration, ensure that you truly want to allow negative net book value.
Otherwise go back and check your transaction. 2. Only output tax is allowed
for account xxxxxxx xx You get this error while posting when there are
restrictions on type of tax codes allowed for GL account. Go to FS00 and check
Control data tab/Tax Category field. Check the posting for correct tax code. If
you still want to eliminate the error, you would need to change the Tax
category. 3. Balancing field Profit Center in line nn not filled Error in ASKB
ASKB is the transaction in SAP used for periodic posting of Asset APC values to
G/L. You get profit center balancing error, if you do not maintain necessary
account determination in Config. To fix the error look for depreciation area
with the issue and check if the account determination Cost objects has been
maintained in ACSET. Maintain the values and issue should be fixed. 4.
Transaction key XXX YY chart of accts ZZZZ not defined in table T030K The
error occurs when you try to post an Invoice and the tax code has not been
maintained in Configuration. To resolve the issue, you have everything in Error
message except G/L account that needs to be assigned to Tax code. Go to
Tcode OB40, Provide Chart of Account (ZZZZ), Transaction (XXX), and assign
G/L to the tax code (YY). 5. Company codes have different settings for
withholding tax treatment You receive this error, when you try to post
intercompany posting, but one of the company code is on standard
withholding tax setting while other one is on extended withholding tax setting.
3. 3. 2014 Copy Rights SourceOne Management Services Pvt. Ltd Bangalore
You can check the setting in IMG > Financial Accounting > Financial
Accounting Global Setting > Company Code > Activate Extended
Withholding Tax. You wont be able to post single cross company code posting.
You would need to post 2 entries, one in each company code separately. At
later stage, check if you want to bring both company codes to extended
withholding tax. 6. Account XXXXXXXX requires assignment to CO object You
get this error message (Account XXXXXXXX requires an assignment to a CO
object) when GL account is relevant for Cost posting i.e. Primary Cost element
is created for the account. In this case, System is going to need a Cost Object
(Cost Center, Internal order, wbs element etc) in the posting as a posting
needs to be automatically done in Controlling. 7. What if this is an Automatic
posting? In case of auto posting (such as gain/loss posting), you will not be
able to assign Cost object manually. In that case you will need to assign a
default cost object to the account (OKB9). 8. An entry with this withholding
tax type already exists This error occurs when you try to assign multiple lines
with the same tax type to the business transaction. SAP only allows one entry
for tax type in a business transaction. If multiple lines need to inserted, then
multiple tax types must be created. 9. No clearing accounts specified for
company codes NNNN/MMMM You receive this error when you try to post
intercompany posting, but company code pair has not been set up for cross
company code posting. To resolve, make configuration change in OBYA.
Company Codes must be on same Withholding Tax setting (Classic or
Extended). 10. Maintain conversion factors for XXX/YYY (currency type NN)
This error indicates that Conversion factor has not been maintained for the
currency pair in the system. Check the currency pair in IMG -> General
Settings -> Currencies -> Define Translation ratios. If the currency pair is not
maintained, maintain the pair for XXX/YYY and YYY/XXX (for example
USD/CAD and CAD/USD). 11. Account type X is not defined for document type

YY You get this message when document type, you are using is restricted by
Account type available for postings.
4. 4. 2014 Copy Rights SourceOne Management Services Pvt. Ltd Bangalore In
document type, Document posting can be restricted to certain account types
G/L, Vendor, Customer, Asset or Material. If you need to post to certain
account type, choose appropriate document type. 12. For document type XX,
an entry is required in field Document header text/Reference You get this
error, when entry to the Reference/Header Text has been set to require in
document type configuration. To resolve the error, enter appropriate value in
Text field/reference field in document header. 13. Acct determination not
defined for trans. WIT XX YY in chart of accts ZZZZ You get this error when a
G/L account for withholding tax type XX tax code YY has not been configured.
Tax type and tax code is maintained in Vendor master under Withholding Tax
category. To resolve the error, Go to SPRO -> Financial Accounting Global
Settings (New) -> Withholding tax -> Extended Withholding Tax -> Posting ->
Accounts for Withholding tax -> Define Accounts for Withholding tax to be
paid over. And assign a G/L account to tax type XX and tax code YY (Shown in
the error).
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Habeeb Rahman

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