3310822 - Error - Derivation for accounting principle DEF, chart of accounts ABC, G/L account ZZZ

You are trying to post the New Outgoing Bank Transfer or approving task - Approve Manual Payment <XXX> and getting below errors:

• 'Derivation for accounting principle DEF, chart of accounts ABC, G/L account ZZZ'
• 'No functional area could be assigned'
• 'Previous action failed; inconsistent data cannot be saved'
• 'Approval failed'
• 'Problems with allocation of payment XXX'

 SAP Business ByDesign

1. Go to Payment Management work center.
2. Click on New Outgoing Bank Transfer. 
3. Enter the relevant data in Company, Payee, Posting Date, Bank Account ID. 
4. Select Outgoing Payment With - Direct Posting to G/L Account. 
5. You see error messages:
   Derivation for accounting principle XXX, chart of accounts ABC, G/L account ZZZ.
   No functional area could be assigned.

 Or

1. Go to Managing My Area work center.
2. Click on Approvals view.
3. Search for the Task - Approve Manual Payment XXX.
4. Click Approve.
5. You see error messages:
   Derivation for accounting principle XXX, chart of accounts ABC, G/L account ZZZ.
   No functional area could be assigned.
   Previous action failed; inconsistent data cannot be saved.
   Problems with allocation of payment 1.
   Approval failed.

The Reporting Principle for Set of Books is Function of expense and it requires Cost center at the time of posting.

When you post the New Outgoing Bank Transfer, then you must have to select the Cost Center.  

If you get the error at the time of Approving Manual Payment task, then the approver has to Reject the task. The status of the Outgoing Bank Transfer becomes Approval Rejected. Later, you can create a New payment with Cost Center.

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