How To Fix FARR_FOUNDATION841 - Account &1 is not valid; deferred cost account must be a B/S account

FARR_FOUNDATION841 - Overview

• Message type: E = Error

• Message class: FARR_FOUNDATION - Revenue Accounting - Foundation

• Message number: 841

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

What causes this issue?

The validation for the deferred cost 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_FOUNDATION841 - Account &1 is not valid; deferred cost account must be a B/S account ?

  The SAP error message FARR_FOUNDATION841 indicates that the account specified in the transaction is not valid for the operation being performed. Specifically, it states that the deferred cost account must be a balance sheet (B/S) account. This error typically arises in the context of Asset Accounting (FI-AA) when dealing with deferred costs.
  
  Cause:
  
  Account Type: The account specified (in this case, &1) is not set up as a balance sheet account. Deferred costs should be recorded in accounts that are classified as balance sheet accounts, as they represent future economic benefits.
  
  Configuration Issues: The account may not be properly configured in the chart of accounts or may not have the correct account type assigned.
  Incorrect Account Assignment: The account may have been incorrectly assigned in the configuration settings for deferred costs.
  
  
  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 (&1).
  Ensure that