How To Fix F5355 - Account & in company code & is not a reconciliation account

SAP Error Message - Details

• Message type: E = Error

• Message class: F5 - Document Editing

• Message number: 355

• Message text: Account & in company code & is not a reconciliation account

What causes this issue?

G/L account &v1& in company code &v2& which is to be updated when
posting to the customer or vendor is not defined as a reconciliation
account.

How to fix this error?

Depending on the cause of the error you can
change the master record of the above-mentioned account and mark it as
a reconciliation account
change the customer or vendor master record and enter a different
reconciliation account there
for special G/L transactions, change the allocation of reconciliation
accounts when configuring special G/L transactions.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message F5355 - Account & in company code & is not a reconciliation account ?

  Cause:
  The SAP error message F5355 occurs when the account you are trying to use in a specific company code is not defined as a reconciliation account. This is usually due to incorrect configuration settings in the SAP system.
  Solution:
  To resolve this issue, you need to define the account as a reconciliation account. Follow these steps:
  
  
  Go to the SAP menu, and navigate to Financial Accounting (New) > General Ledger Accounting (New) > Master Data > G/L Accounts > Individual Processing > Centrally (transaction code FS00).
  
  
  Enter the G/L account number and the company code, then click on the "Edit" button.
  
  
  Go to the "Control data" tab, and in the "Account control" section, check the "Reconciliation account for account type" checkbox.
  
  
  Select the appropriate account type from the dropdown list.
  
  
  Save your changes.
  
  
  Related Information:
  A reconciliation account is a general ledger account that consolidates the data from the sub-ledger accounts. The balances of the sub-ledger accounts and the corresponding reconciliation accounts should always be the same to ensure that the general ledger is always up-to-date. This is a key concept in financial accounting and it's crucial for the accuracy of the financial statements.