How To Fix 1E290 - There is no reference account for account closure

SAP Error Message - Details

• Message type: E = Error

• Message class: 1E - BCA: Account

• Message number: 290

• Message text: There is no reference account for account closure

What causes this issue?

A closure date was specified for the account but no reference account
was defined for the closure.

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 an internal or external reference account for account closure and
then start the closure again.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 1E290 - There is no reference account for account closure ?

  The SAP error message 1E290 ("There is no reference account for account closure") typically occurs during the process of closing accounts in the SAP system, particularly in the context of financial accounting (FI) or controlling (CO). This error indicates that the system cannot find a reference account that is necessary for the closure of the specified account.
  Causes:
  
  Missing Reference Account: The primary cause of this error is that the account you are trying to close does not have a designated reference account set up in the system.
  Configuration Issues: There may be issues with the configuration of the account in the chart of accounts or the account type settings.
  Incorrect Account Type: The account type may not be compatible with the closure process, or it may not be set up correctly in the system.
  Data Inconsistencies: There could be inconsistencies in the master data related to the account, such as missing or incorrect settings.
  
  Solutions:
  
  
  Check Account Configuration:
  
  Go to the account master data and verify that the reference account is correctly assigned. You can do this by navigating to the account in the chart of accounts and checking the settings.
  Ensure that the account type is appropriate for closure.
  
  
  
  Assign a Reference Account:
  
  If a reference account is missing, you may need to assign one. This can typically be done in the account master data settings.
  Consult with your financial team or SAP administrator to determine the appropriate reference account to use.
  
  
  
  Review Account Type Settings:
  
  Ensure that the account type is set up correctly in the system. This may involve checking the configuration settings in the Financial Accounting module.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for specific guidance on the account closure process and the requirements for reference accounts.
  
  
  
  Check for Data Inconsistencies:
  
  Run reports or checks to identify any inconsistencies in the account data that may be causing the issue.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for further assistance. They may provide insights specific to your system configuration.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FS00 (to display/change account master data) and OB52 (to manage posting periods).
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide additional context or solutions.
  User Roles and Authorizations: Ensure that you have the necessary authorizations to make changes to account settings.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.