How To Fix FARR_FOUNDATION810 - Account &1 is not valid; contract asset account must be a B/S account

FARR_FOUNDATION810 - Overview

• Message type: E = Error

• Message class: FARR_FOUNDATION - Revenue Accounting - Foundation

• Message number: 810

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

What causes this issue?

The validation for the contract asset 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</>.

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_FOUNDATION810 - Account &1 is not valid; contract asset account must be a B/S account ?

  The SAP error message FARR_FOUNDATION810 indicates that the account specified (denoted as &1) is not valid for the context in which it is being used. Specifically, it states that the contract asset account must be a balance sheet (B/S) account. This error typically arises in the context of contract asset accounting in SAP, particularly when dealing with contract management and asset accounting.
  
  Cause:
  
  Account Type: The account you are trying to use is not configured as a balance sheet account. In SAP, contract asset accounts must be balance sheet accounts because they represent assets that the company has a right to receive in the future.
  Account Configuration: The account may not be set up correctly in the chart of accounts or may not have the necessary settings for contract asset accounting.
  Incorrect Account Assignment: The account may have been incorrectly assigned in the configuration settings for contract assets.
  
  
  Solution:
  
  
  Check Account Type:
  
  Go to the SAP transaction