How To Fix F5714 - Account type & and G/L account with open item management not permitted

SAP Error Message - Details

• Message type: E = Error

• Message class: F5 - Document Editing

• Message number: 714

• Message text: Account type & and G/L account with open item management not permitted

What causes this issue?

Account type '&v1&' and G/L account number '&v2&' (company code '&v3&')
have occurred in a certain line item. The G/L account is run with open
items.

System Response

This combination is not permitted in the financial accounting
application.

How to fix this error?

Change the master data for G/L account '&v2' in company code '&v3&'
accordingly.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message F5714 - Account type & and G/L account with open item management not permitted ?

  The SAP error message F5714 indicates that there is an issue with the configuration of the General Ledger (G/L) account in relation to the account type being used in a transaction. Specifically, it states that the account type and G/L account combination does not permit open item management.
  Cause:
  
  Account Type Mismatch: The error typically arises when you are trying to post to a G/L account that is configured for open item management, but the account type you are using does not support this feature.
  G/L Account Configuration: The G/L account may be set up incorrectly in the system. For example, it might be configured as a balance sheet account that does not allow open item management, or it might be a profit and loss account that is not intended for open item management.
  Transaction Type: The type of transaction you are trying to execute may not be compatible with the open item management settings of the G/L account.
  
  Solution:
  
  
  Check G/L Account Configuration:
  
  Go to the G/L account master data (transaction code FS00).
  Verify the settings for the G/L account in question. Ensure that the account is set up correctly for open item management if that is required for your business process.
  If the account should not have open item management, consider changing the transaction or using a different G/L account that is configured correctly.
  
  
  
  Review Account Type:
  
  Ensure that the account type you are using in your transaction is compatible with the G/L account settings. For example, if you are using a customer or vendor account type, make sure the G/L account is set up to allow open item management.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about the correct configuration or the implications of changing settings, consult with your finance or accounting team to ensure compliance with accounting standards and practices.
  
  
  
  Transaction Type Review:
  
  If the transaction type you are using is not appropriate for the G/L account, consider using a different transaction type that aligns with the account's configuration.
  
  
  
  Related Information:
  
  Open Item Management: This feature is typically used for accounts that require tracking of individual items, such as customer accounts or certain types of liability accounts. It allows for the clearing of individual items against each other.
  SAP Documentation: Refer to SAP Help documentation for detailed information on G/L account configuration and open item management.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FS00 (G/L Account Master Data), FBL1N (Vendor Line Item Display), and FBL5N (Customer Line Item Display) for further investigation.
  
  By following these steps, you should be able to resolve the error and ensure that your G/L account is configured correctly for the intended use.