How To Fix FAA_CFG_CHECK302 - Acct &2/&1 can only be either an offsetting or a recon. acct, not both

SAP Error Message - Details

• Message type: E = Error

• Message class: FAA_CFG_CHECK - Message Class for consistency check of CFG objects

• Message number: 302

• Message text: Acct &2/&1 can only be either an offsetting or a recon. acct, not both

What causes this issue?

G/L account &V1& (chart of accounts &V2&) can only be either an
offsetting account or a reconciliation account, <ZH>not</> both.

System Response

If you are making Customizing settings for valuation views, the data
<ZH>cannot</> be saved, because the posting would then <ZH>not</> work
correctly.

How to fix this error?

Please maintain the master data of the G/L account correctly.

Procedure for System Administrators

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 FAA_CFG_CHECK302 - Acct &2/&1 can only be either an offsetting or a recon. acct, not both ?

  The SAP error message FAA_CFG_CHECK302 indicates a configuration issue related to asset accounting. Specifically, it states that the account specified (indicated by &2/&1) can only be designated as either an offsetting account or a reconciliation account, but not both simultaneously.
  Cause:
  This error typically arises when there is a conflict in the configuration of the account settings in the Asset Accounting (FI-AA) module. The account in question has been incorrectly set up to serve dual purposes, which is not allowed in SAP. 
  
  Account Configuration: The account is likely configured as both an offsetting account and a reconciliation account in the system.
  Master Data Issues: The asset master data may reference this account incorrectly, leading to the conflict.
  Incorrect Settings: The settings in the configuration for asset classes or account determination may not align with the intended use of the account.
  
  Solution:
  To resolve this error, you will need to review and adjust the account configuration in the system:
  
  
  Check Account Configuration:
  
  Go to the transaction code OBY6 (for General Ledger accounts) or OAOA (for Asset Accounting).
  Verify the account settings for the account in question. Ensure that it is not marked as both an offsetting account and a reconciliation account.
  
  
  
  Adjust Account Settings:
  
  If the account is incorrectly set, modify the account settings to ensure it is only designated as one type (either offsetting or reconciliation).
  Save the changes and exit the configuration.
  
  
  
  Review Asset Master Data:
  
  Check the asset master data that references this account. Ensure that the account assignment is correct and does not lead to conflicts.
  
  
  
  Test the Changes:
  
  After making the necessary adjustments, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Consult Documentation:
  
  If you are unsure about the correct configuration, refer to SAP documentation or consult with your SAP FI-AA consultant for guidance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as AS01 (Create Asset), AS02 (Change Asset), and AS03 (Display Asset) to manage asset master data.
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or updates related to this error message.
  Training and Documentation: Consider reviewing SAP training materials or documentation on Asset Accounting configuration to better understand the implications of account settings.
  
  By following these steps, you should be able to resolve the FAA_CFG_CHECK302 error and ensure proper configuration of your asset accounts in SAP.