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

SAP Error Message - Details

• 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 code FS00 (G/L Account Master Record) and check the account type of the specified account. Ensure that it is set as a balance sheet account (typically, this means the account should have a type of "B" for balance sheet).
  
  
  
  Modify Account Settings:
  
  If the account is not a balance sheet account, you will need to either create a new balance sheet account or modify the existing account to change its type. This may require appropriate authorizations.
  
  
  
  Review Configuration:
  
  Check the configuration settings for contract asset accounting in the SAP system. This can typically be done through the transaction code SPRO (SAP Project Reference Object) and navigating to the relevant configuration for contract management and asset accounting.
  Ensure that the account assignments for contract assets are correctly set up.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources related to contract asset accounting to ensure that all necessary configurations are in place.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  FS00: G/L Account Master Record
  SPRO: SAP Project Reference Object (for configuration)
  
  
  
  Account Types:
  
  Balance Sheet Accounts (B/S): Accounts that represent the company's assets, liabilities, and equity.
  Profit and Loss Accounts (P&L): Accounts that represent income and expenses.
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may provide additional guidance or fixes related to this error message.
  
  
  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.