Message type: E = Error
Message class: 1I - BCA: General Ledger Integration
Message number: 718
Message text: Loss on receivables can only be posted for negative account balance
Posting date-based balance :&v1& &v2& on : &v3&
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.
1I718
- Loss on receivables can only be posted for negative account balance ?The SAP error message 1I718 ("Loss on receivables can only be posted for negative account balance") typically occurs in the context of financial accounting, particularly when dealing with accounts receivable. This error indicates that there is an attempt to post a loss on receivables when the account balance is not negative, which is a requirement for such postings.
Cause: Positive Account Balance: The most common cause of this error is that the account you are trying to post a loss against has a positive balance. In SAP, losses on receivables can only be recognized when the account balance is negative, indicating that there is an actual loss to be accounted for. Incorrect Posting Logic: The logic used in the transaction or the configuration of the account may not align with the requirements for posting losses. Data Entry Errors: There may be errors in the data entry process, such as incorrect amounts or account selections.
Solution: Check
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