How To Fix FARR_FOUNDATION812 - Account &1 is not valid; deferred revenue account must be a B/S acct

FARR_FOUNDATION812 - Overview

• Message type: E = Error

• Message class: FARR_FOUNDATION - Revenue Accounting - Foundation

• Message number: 812

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

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</>.

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_FOUNDATION812 - Account &1 is not valid; deferred revenue account must be a B/S acct ?

  The SAP error message FARR_FOUNDATION812 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, where proper account configuration is crucial for accurate financial reporting.
  
  Cause:
  
  Account Type Misconfiguration: The account specified (denoted as &1 in the error message) is not set up as a balance sheet account in the SAP system. Deferred revenue accounts must be classified as balance sheet accounts because they represent liabilities until the revenue is recognized.
  Incorrect Account Assignment: The account may have been incorrectly assigned in the configuration settings for revenue recognition or in the master data of the relevant financial documents.
  Missing Account in Chart of Accounts: The account may not exist in the chart of