How To Fix FAA_POST038 - Chart of accts &2, CC &3: Acct &1 must be reconciliation acct for assets

FAA_POST038 - Overview

• Message type: E = Error

• Message class: FAA_POST - FIAA Posting Messages (Object-Oriented Kernel)

• Message number: 038

• Message text: Chart of accts &2, CC &3: Acct &1 must be reconciliation acct for assets

What causes this issue?

The system has determined that the <LS>technical clearing account for
integrated asset acquisition</> &V1&in chart of accounts &V2&, company
code &V3& is <ZH>not</> defined as a reconciliation account for assets.

System Response

The system reacts as follows:
When maintaining the technical clearing account for integrated asset
acquisition: The system saves the changes.
When posting: The system terminates the process.

How to fix this error?

Make sure that account &V1& is defined as a reconciliation account for
assets in G/L account maintenance (transaction <LS>FS00</>) on the <LS>
Control Data</> tab page.

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_POST038 - Chart of accts &2, CC &3: Acct &1 must be reconciliation acct for assets ?

  The SAP error message FAA_POST038 indicates that there is an issue with the account configuration in the Asset Accounting (FI-AA) module. Specifically, it states that the account being used for posting must be a reconciliation account for assets. Here’s a breakdown of the cause, solution, and related information for this error:
  
  Cause:
  
  Account Type: The account specified in the error message (Account &1) is not set up as a reconciliation account for asset accounts in the chart of accounts (&2) and cost center (&3).
  Configuration Issue: The account may not be properly configured in the Financial Accounting (FI) module to serve as a reconciliation account for asset transactions.
  Posting Attempt: A posting is being attempted to an account that is not designated to handle asset-related transactions.
  
  
  Solution:
  
  
  Check Account Configuration:
  
  Go to the transaction code OBY6 (or FS00) to check the account settings for the specified account (&1).
  Ensure that the account is marked as a reconciliation account