How To Fix FAR_POSTING_RULES031 - G/L Account "&1" does not exist, please enter a valid G/L Account.

SAP Error Message - Details

• Message type: E = Error

• Message class: FAR_POSTING_RULES - AR Posting Rules

• Message number: 031

• Message text: G/L Account "&1" does not exist, please enter a valid G/L Account.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FAR_POSTING_RULES031 - G/L Account "&1" does not exist, please enter a valid G/L Account. ?

  The SAP error message FAR_POSTING_RULES031 indicates that the General Ledger (G/L) account specified in your transaction does not exist in the system. This error typically occurs when trying to post a transaction that requires a valid G/L account, but the account number provided is either incorrect or not set up in the system.
  Cause:
  
  Incorrect G/L Account Number: The G/L account number entered may have been mistyped or is not the correct account for the transaction.
  Account Not Created: The G/L account may not have been created in the system yet.
  Inactive Account: The G/L account may exist but is inactive or blocked for postings.
  Company Code Issues: The G/L account may not be assigned to the company code you are working with.
  Chart of Accounts: The G/L account may not be part of the chart of accounts assigned to the company code.
  
  Solution:
  
  Verify G/L Account Number: Double-check the G/L account number you are entering for any typographical errors.
  Check Account Existence:
  
  Use transaction code FS00 to check if the G/L account exists.
  Enter the G/L account number and the relevant company code to see if it is set up.
  
  
  Create the G/L Account: If the account does not exist, you may need to create it using transaction code FS00. Ensure you have the necessary authorizations to create accounts.
  Check Account Status: If the account exists but is inactive, you may need to activate it or check with your finance team to understand why it is inactive.
  Company Code Assignment: Ensure that the G/L account is assigned to the correct company code. You can check this in the account master data.
  Chart of Accounts: Verify that the G/L account is part of the chart of accounts assigned to your company code.
  
  Related Information:
  
  Transaction Codes:
  
  FS00: Create/Change G/L Account Master Data
  FBL3N: Display G/L Account Line Items
  OBY6: Check company code settings
  
  
  Authorization: Ensure you have the necessary authorizations to view or create G/L accounts.
  Consult Documentation: Refer to your organization's SAP documentation or consult with your SAP support team for specific procedures related to G/L account management.
  
  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 financial accounting within SAP.