How To Fix AC303 - Account cannot have open item management

SAP Error Message - Details

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 303

• Message text: Account cannot have open item management

What causes this issue?

The account which you have assigned has open item management in
Financial Accounting.
That is incorrect for account assignment.

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?

Correct the account assignment or change the account definition.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AC303 - Account cannot have open item management ?

  The SAP error message AC303, which states "Account cannot have open item management," typically occurs when you attempt to perform an action that requires open item management on an account that is not configured to allow it. This error is often encountered in the context of asset accounting or when dealing with accounts that are not set up to manage open items.
  Cause:
  
  Account Configuration: The account in question is not set up for open item management. Open item management is a feature that allows for the tracking of individual items within an account, which is essential for certain types of accounts, such as those used for asset accounting.
  Account Type: The account type may not support open item management. For example, certain balance sheet accounts or income statement accounts may not be configured to handle open items.
  Transaction Type: The transaction you are trying to execute may require open item management, but the account does not support it.
  
  Solution:
  
  
  Check Account Settings: 
  
  Go to the account configuration in the SAP system (Transaction code: FS00 for general ledger accounts).
  Verify if the "Open Item Management" checkbox is selected for the account in question. If it is not, and if it is appropriate for your business process, you may need to enable it.
  
  
  
  Change Account Type: 
  
  If the account type is not suitable for open item management, consider changing the account type to one that supports it, if applicable.
  
  
  
  Review Transaction: 
  
  Ensure that the transaction you are trying to execute is appropriate for the account type. If the transaction does not require open item management, you may need to adjust your approach.
  
  
  
  Consult Documentation: 
  
  Review SAP documentation or consult with your SAP administrator or functional consultant to understand the implications of enabling open item management on the account.
  
  
  
  Testing: 
  
  After making changes, perform a test transaction to ensure that the error does not occur again.
  
  
  
  Related Information:
  
  Open Item Management: This feature is commonly used in accounts that require reconciliation, such as accounts payable and receivable, where individual items need to be tracked until they are cleared.
  Asset Accounting: In the context of asset accounting, open item management is crucial for tracking the acquisition and disposal of assets.
  SAP Notes: Check SAP Notes for any specific patches or updates related to this error message, as there may be known issues or additional guidance provided by SAP.
  
  If you continue to experience issues after following these steps, it may be beneficial to engage with your SAP support team for further assistance.