How To Fix FAC_ACC_DET_MESSAGE014 - Specify a balance sheet account as a retained earning account.

SAP Error Message - Details

• Message type: E = Error

• Message class: FAC_ACC_DET_MESSAGE - Message for account determination

• Message number: 014

• Message text: Specify a balance sheet account as a retained earning account.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FAC_ACC_DET_MESSAGE014 - Specify a balance sheet account as a retained earning account. ?

  The SAP error message FAC_ACC_DET_MESSAGE014 indicates that a balance sheet account needs to be specified as a retained earnings account in the configuration of your asset accounting. This error typically arises when you are trying to post or configure asset accounting settings, and the system requires a valid retained earnings account to be defined.
  Cause:
  
  Missing Configuration: The retained earnings account has not been defined in the asset accounting configuration.
  Incorrect Account Type: The account specified is not a balance sheet account or is not marked as a retained earnings account.
  Account Assignment Issues: The account assignment for the asset may not be correctly set up in the system.
  
  Solution:
  To resolve this error, you need to ensure that a valid retained earnings account is configured in your SAP system. Here are the steps to do this:
  
  
  Define Retained Earnings Account:
  
  Go to the SAP Easy Access screen.
  Navigate to Transaction Code: OBY6 (for defining retained earnings accounts).
  Ensure that a balance sheet account is defined as a retained earnings account. This account should be of type "Balance Sheet" and should be configured correctly in the chart of accounts.
  
  
  
  Check Asset Accounting Configuration:
  
  Use Transaction Code: OAOA to access the asset accounting settings.
  Verify that the retained earnings account is correctly assigned to the relevant company code and asset class.
  
  
  
  Review Account Determination:
  
  Go to Transaction Code: OAYZ to check the account determination for asset transactions.
  Ensure that the retained earnings account is correctly linked to the asset transaction types.
  
  
  
  Test the Configuration:
  
  After making the necessary changes, try to perform the action that previously resulted in the error to confirm that the issue has been resolved.
  
  
  
  Related Information:
  
  Documentation: Refer to SAP Help documentation for Asset Accounting to understand the configuration of retained earnings accounts.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OAOA, OAYZ, and OBY6 for asset accounting configuration.
  Consult SAP Notes: Check for any relevant SAP Notes that may provide additional insights or updates related to this error message.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in asset accounting for further assistance.