How To Fix 1M700 - Cannot combine the time periods of account balancing w. term balancing

SAP Error Message - Details

• Message type: E = Error

• Message class: 1M - BKK: Abschluß

• Message number: 700

• Message text: Cannot combine the time periods of account balancing w. term balancing

What causes this issue?

The <ZK>Time Periods for Account Balancing </>feature cannot be combined
with the <ZK>Execute Term Balancing</> function. Only one of these
functions is allowed to be active in the product (green traffic light).

How to fix this error?

Deactivate one of these two attributes (red traffic light).

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 1M700 - Cannot combine the time periods of account balancing w. term balancing ?

  The SAP error message 1M700 ("Cannot combine the time periods of account balancing with term balancing") typically occurs in the context of financial accounting, particularly when dealing with account balancing and term balancing in the SAP system. This error indicates that there is a conflict between the time periods being used for account balancing and term balancing.
  Cause:
  The error is usually caused by one of the following issues:
  
  
  Inconsistent Time Periods: The time periods defined for account balancing and term balancing do not match. For example, if one is set to a monthly period and the other is set to a quarterly period, the system will not allow them to be combined.
  
  
  Configuration Issues: There may be configuration settings in the financial accounting module that are not aligned, leading to this error when trying to process transactions.
  
  
  Data Entry Errors: Incorrect data entry during the posting of transactions can lead to mismatched time periods.
  
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check Configuration Settings:
  
  Go to the configuration settings for financial accounting in SAP.
  Ensure that the time periods for account balancing and term balancing are consistent. This can usually be found in the settings for the fiscal year variant or in the settings for the specific accounts involved.
  
  
  
  Review Transaction Data:
  
  Check the transactions that are causing the error. Look for any discrepancies in the posting periods or any incorrect entries that may have been made.
  
  
  
  Adjust Time Periods:
  
  If necessary, adjust the time periods for either account balancing or term balancing to ensure they match. This may involve changing the fiscal year variant or adjusting the settings for specific accounts.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on the configuration of account balancing and term balancing.
  
  
  
  Seek Help from SAP Support:
  
  If the issue persists after checking the configuration and transaction data, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OB52 (to maintain the posting periods) or OB37 (to configure the fiscal year variant) to check and adjust settings.
  SAP Notes: Look for relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  User Forums: Consider checking SAP community forums or user groups for similar issues and solutions shared by other users.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.