How To Fix AC712 - Check entry (account & is not permitted here)

AC712 - Overview

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 712

• Message text: Check entry (account & is not permitted here)

What causes this issue?

The current transaction is intended for transfer of balances during
legacy data transfer in Asset Accounting. Balances can only be
transferred for G/L accounts and reconciliation solely for Asset
Accounting. However, account &v1& is defined as a reconciliation
account for Accounts Payable or Accounts Receivable.

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?

Check the account entry.

Error message extract from SAP system. Copyright SAP SE.

AC712 - Details

• The SAP error message AC712 ("Check entry (account & is not permitted here)") typically occurs in the context of asset accounting when you are trying to post a transaction involving an asset account that is not allowed in the current context. This can happen for various reasons, such as incorrect account settings, configuration issues, or trying to use an account that is not valid for the specific transaction type.
  Causes:
  
  Account Configuration: The asset account you are trying to use may not be configured correctly in the system. It might not be set up for the type of transaction you are attempting to perform.
  Account Type: The account may not be of the correct type (e.g., it should be a fixed asset account but is set as a different type).
  Transaction Type: The transaction type you are using may not allow the specific account you are trying to post to.
  Company Code Settings: The account