How To Fix FARR_FOUNDATION809 - Account &1 not valid; impairment of assets account must be a P/L acct

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_FOUNDATION - Revenue Accounting - Foundation

• Message number: 809

• Message text: Account &1 not valid; impairment of assets account must be a P/L acct

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_FOUNDATION809 - Account &1 not valid; impairment of assets account must be a P/L acct ?

  The SAP error message FARR_FOUNDATION809 indicates that the account specified in the transaction is not valid for the impairment of assets. Specifically, it states that the account must be a Profit and Loss (P/L) account. This error typically arises in the context of Asset Accounting (FI-AA) when trying to post an impairment or adjustment to an asset.
  Cause:
  
  Account Type: The account specified (denoted as &1 in the error message) is not set up as a Profit and Loss account. In SAP, impairment of assets should be recorded against a P/L account to reflect the loss in value.
  Configuration Issues: The account may not be properly configured in the chart of accounts or may not be assigned to the correct account type in the financial settings.
  Incorrect Account Assignment: The account used in the transaction may have been incorrectly assigned or selected.
  
  Solution:
  
  
  Check Account Configuration:
  
  Go to the SAP transaction code OB52 (or the relevant configuration transaction) to check the account settings.
  Ensure that the account in question is configured as a P/L account. You can do this by checking the account type in the chart of accounts.
  
  
  
  Change Account Assignment:
  
  If the account is not a P/L account, you will need to either select a different account that is a P/L account or create a new P/L account if necessary.
  Ensure that the account is correctly assigned to the relevant company code and is active.
  
  
  
  Review Asset Master Data:
  
  Check the asset master data to ensure that the correct accounts are assigned for impairment postings. You can do this using transaction code AS02 (Change Asset Master Record).
  
  
  
  Consult with Finance Team:
  
  If you are unsure about which account to use or how to configure it, consult with your finance or accounting team to ensure compliance with accounting standards and practices.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  AS01: Create Asset Master Record
  AS02: Change Asset Master Record
  OB52: Open and Close Posting Periods
  FS00: G/L Account Master Record
  
  
  Documentation: Refer to SAP Help documentation for Asset Accounting for detailed information on account types and configurations.
  Testing: After making changes, perform a test posting to ensure that the error is resolved and that the posting behaves as expected.
  
  By following these steps, you should be able to resolve the error message FARR_FOUNDATION809 and ensure that your asset impairment postings are correctly recorded in the system.