How To Fix FARR_FOUNDATION842 - Account &1 is not valid; accrued cost account must be a B/S account

FARR_FOUNDATION842 - Overview

• Message type: E = Error

• Message class: FARR_FOUNDATION - Revenue Accounting - Foundation

• Message number: 842

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

What causes this issue?

The validation for the accrued 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_FOUNDATION842 - Account &1 is not valid; accrued cost account must be a B/S account ?

  The SAP error message FARR_FOUNDATION842 indicates that the account specified (denoted as &1) is not valid for the operation being performed. Specifically, it states that the accrued 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 asset transactions that involve accrued costs.
  
  Cause:
  
  Account Type: The account specified in the configuration is not set up as a balance sheet account. In SAP, accrued cost accounts must be balance sheet accounts because they represent liabilities that need to be settled in the future.
  
  Configuration Issues: The account may not be properly configured in the chart of accounts or may not be assigned to the correct account type.
  Incorrect Account Assignment: The account might have been incorrectly assigned in the asset master record or in the configuration settings for asset accounting.
  
  
  Solution:
  
  
  Check Account Configuration:
  
  Go to the transaction code OB52 to check the account