How To Fix FARR_FOUNDATION844 - Account &1 is not valid; deferred cost account must be a B/S account

FARR_FOUNDATION844 - Overview

• Message type: E = Error

• Message class: FARR_FOUNDATION - Revenue Accounting - Foundation

• Message number: 844

• 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</>.
Maintain the correct account in the
<DS:TRAN.FARR_ACCT_DETER_CUST>BRF+ Account Determination Rules</> on
the tab <ZK>Deferred Cost</>.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

FARR_FOUNDATION844 - Details

• The SAP error message FARR_FOUNDATION844 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 configuring or processing deferred costs.
  
  Cause:
  
  Account Type: The account specified (denoted as &1 in the error message) is not set up as a balance sheet account. Deferred costs must be recorded in accounts that are classified as balance sheet accounts because 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 Configuration:
  
  Go to the transaction code FS00 to check the account settings for the account in question.
  Ensure that the