How To Fix AC301 - Account &3-&1 is not a balance sheet account

AC301 - Overview

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 301

• Message text: Account &3-&1 is not a balance sheet account

What causes this issue?

Account &V1& is not defined as a balance sheet account in chart of
accounts &V3&.
For this situation (&V2&) that is incorrect.

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?

Change the account definition or assign a different account for the
given set of circumstances.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AC301 - Account &3-&1 is not a balance sheet account ?

  The SAP error message AC301 indicates that the account specified (in this case, represented by placeholders &3 and &1) is not a balance sheet account. This error typically arises when trying to post a transaction that requires a balance sheet account, but the account in question is classified as a profit and loss (P&L) account or is not set up correctly in the system.
  
  Cause:
  
  Account Type Misconfiguration: The account you are trying to use is not configured as a balance sheet account in the SAP system. Balance sheet accounts are typically asset, liability, or equity accounts, while P&L accounts are used for income and expenses.
  Incorrect Account Assignment: The transaction you are trying to post may require a balance sheet account, but you are using a P&L account instead.
  Master Data Issues: The account master data may not be set up correctly, leading to the system not recognizing it as a balance sheet