How To Fix FAGL_CL008 - G/L acct &1 in company code &2 is not relevant for financial transaction

SAP Error Message - Details

• Message type: E = Error

• Message class: FAGL_CL - Cash Ledger

• Message number: 008

• Message text: G/L acct &1 in company code &2 is not relevant for financial transaction

What causes this issue?

You want to define a G/L account, which is not relevant for financial
transactions, as cash relevant. This is not permitted.

System Response

The specified G/L account is not copied.

How to fix this error?

Enter a G/L account that is relevant for financial transactions. You can
check whether a G/L account is relevant for cash flow in the
<DS:TRAN.FSS0>master record</>.

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 FAGL_CL008 - G/L acct &1 in company code &2 is not relevant for financial transaction ?

  The SAP error message FAGL_CL008 indicates that a General Ledger (G/L) account is not relevant for financial transactions in the specified company code. This typically occurs when you attempt to post a transaction to a G/L account that has not been configured to allow postings in the context of the financial transaction you are trying to execute.
  Cause:
  
  Account Configuration: The G/L account specified in the error message is not set up to be used for the type of transaction you are trying to post. This could be due to the account being marked as "not relevant" for certain financial transactions.
  Account Type: The account may be configured as a balance sheet account or a non-posting account, which restricts its use in certain types of postings.
  Company Code Settings: The company code settings may not allow postings to that specific G/L account for the type of transaction being processed.
  
  Solution:
  
  
  Check G/L Account Configuration:
  
  Go to the G/L account master data (transaction code FS00).
  Verify the account settings for the specified G/L account in the relevant company code.
  Ensure that the account is marked as "relevant" for the type of financial transaction you are trying to execute.
  
  
  
  Adjust Account Settings:
  
  If the account is not relevant, you may need to change its configuration. This can include:
  
  Changing the account type to allow postings.
  Ensuring that the account is not marked as a non-posting account.
  Checking the account's status in the chart of accounts.
  
  
  
  
  
  Consult with Financial Team:
  
  If you are unsure about changing the account settings, consult with your finance or accounting team to ensure that the changes align with your organization's financial policies.
  
  
  
  Review Transaction Type:
  
  Ensure that the transaction type you are trying to post is appropriate for the G/L account in question. Some accounts may only be relevant for specific transaction types.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  FS00: G/L Account Master Data
  OB52: Open and Close Posting Periods
  OBA7: G/L Account Posting Periods
  
  
  Documentation: Review SAP documentation or help files related to G/L account configuration and financial transaction postings for more detailed guidance.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues or provide additional guidance related to this error message.
  
  By following these steps, you should be able to resolve the FAGL_CL008 error and successfully post your financial transaction.