How To Fix FARR_FOUNDATION845 - Account &1 is not valid; accrued cost account must be a B/S account

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_FOUNDATION - Revenue Accounting - Foundation

• Message number: 845

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

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_FOUNDATION845 - Account &1 is not valid; accrued cost account must be a B/S account ?

  The SAP error message FARR_FOUNDATION845 indicates that the account specified (denoted as &1 in the message) is not valid for the operation you are trying to perform. 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.
  Cause:
  
  Account Type: The account you are trying to use is not configured as a balance sheet account. In SAP, accrued cost accounts must be balance sheet accounts because they represent amounts that are owed but not yet paid, which is a liability.
  Configuration Issues: The account may not be properly set up in the chart of accounts or may not be assigned to the correct account type in the configuration settings.
  Incorrect Account Assignment: The account might have been incorrectly assigned in the asset master record or in the configuration of the asset transaction.
  
  Solution:
  
  
  Check Account Configuration:
  
  Go to the transaction code OB52 to check the account type settings.
  Ensure that the account in question is set up as a balance sheet account in the chart of accounts.
  
  
  
  Review Asset Master Record:
  
  Use transaction code AS03 to display the asset master record.
  Check the account assignments for the asset and ensure that the accrued cost account is correctly assigned and is a balance sheet account.
  
  
  
  Modify Account Settings:
  
  If the account is not a balance sheet account, you may need to create a new account or modify the existing account settings in the configuration (transaction code OBY6 for account determination).
  
  
  
  Consult with Financial Team:
  
  If you are unsure about the correct account to use, consult with your finance or accounting team to ensure compliance with accounting standards and practices.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  AS03: Display Asset Master Record
  OB52: Change View "Posting Periods": Overview
  OBY6: Configure Account Determination
  
  
  Documentation: Refer to SAP Help documentation for Asset Accounting for detailed information on account types and configurations.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to this error message.
  
  By following these steps, you should be able to resolve the error and ensure that the accrued cost account is correctly configured as a balance sheet account.