How To Fix FARR_FOUNDATION803 - Account &1 is not valid; deferred revenue account must be a B/S account

FARR_FOUNDATION803 - Overview

• Message type: E = Error

• Message class: FARR_FOUNDATION - Revenue Accounting - Foundation

• Message number: 803

• Message text: Account &1 is not valid; deferred revenue account must be a B/S account

What causes this issue?

The validation for the deferred revenue account failed because the
determined account is not a balance sheet account.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Check the account configuration under
<DS:SIMG.FI_GL_MD_FS00_DC>Edit G/L Account Centrally</>.
Maintain the correct account in the
<DS:TRAN.FARR_ACCT_DETER_CUST>BRF+ Account Determination Rules</> on
the tab <ZK>Deferred Revenue</>.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_FOUNDATION803 - Account &1 is not valid; deferred revenue account must be a B/S account ?

  The SAP error message FARR_FOUNDATION803 indicates that the account specified in the system is not valid for the context in which it is being used. Specifically, it states that the deferred revenue account must be a balance sheet (B/S) account. This error typically arises in the context of the SAP Revenue Accounting and Reporting (RAR) module or when dealing with deferred revenue in financial accounting.
  
  Cause:
  
  Account Type Mismatch: The account you are trying to use for deferred revenue is not set up as a balance sheet account in the chart of accounts. Deferred revenue accounts must be classified as balance sheet accounts because they represent liabilities until the revenue is recognized.
  
  Configuration Issues: The account may not be properly configured in the system, or it may have been incorrectly assigned in the relevant configuration settings.
  Incorrect Account Assignment: The account number specified in the transaction may be incorrect or may not exist in