How To Fix AC304 - Account changed to reconciliation account for Asset Accounting

SAP Error Message - Details

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 304

• Message text: Account changed to reconciliation account for Asset Accounting

What causes this issue?

The account in question is by definition a reconciliation account. Up
to now this account has not been defined as such in the company code.

System Response

The program has changed the account into a reconciliation account for
Asset Accounting according to your requirements.

How to fix this error?

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.

Smart SAP Assistant

• What is the cause and solution for SAP error message AC304 - Account changed to reconciliation account for Asset Accounting ?

  The SAP error message AC304 ("Account changed to reconciliation account for Asset Accounting") typically occurs when there is an attempt to post to an account that is not allowed for Asset Accounting. This error is related to the configuration of the General Ledger (G/L) accounts in the SAP system, particularly concerning reconciliation accounts.
  Cause:
  
  Account Type: The account you are trying to use for asset postings is not set up as a reconciliation account. In SAP, only specific types of accounts (like reconciliation accounts) can be used for asset accounting.
  Account Configuration: The account may have been changed or configured incorrectly in the system, leading to it being classified as a non-reconciliation account.
  Posting Period: The posting period may be closed, preventing any postings to that account.
  Transaction Type: The transaction type being used may not be compatible with the account settings.
  
  Solution:
  
  
  Check Account Configuration:
  
  Go to the transaction code FS00 to check the account settings.
  Ensure that the account you are trying to post to is set as a reconciliation account for asset accounting. The account type should be set to "Reconciliation Account for Assets" (usually account type "A").
  
  
  
  Change Account Type:
  
  If the account is not set correctly, you may need to change the account type to a reconciliation account. This requires appropriate authorization and should be done with caution, as it can affect financial reporting.
  
  
  
  Review Posting Period:
  
  Check if the posting period is open. You can do this using transaction code OB52 to review and adjust the posting periods if necessary.
  
  
  
  Use Correct Transaction Type:
  
  Ensure that you are using the correct transaction type for the posting. Some transaction types are specifically designed for asset accounting and may not allow postings to non-reconciliation accounts.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for specific guidelines related to your organization's configuration.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  FS00: G/L Account Master Data
  OB52: Open and Close Posting Periods
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  User Authorization: Ensure that you have the necessary authorizations to make changes to account settings or to post transactions.
  
  If the issue persists after checking these areas, it may be beneficial to consult with your SAP Basis or Finance team for further investigation.