How To Fix FC281 - Enter a valid account type

FC281 - Overview

• Message type: E = Error

• Message class: FC - FI configuration error messages

• Message number: 281

• Message text: Enter a valid account type

What causes this issue?

As no fiscal year variant has yet been allocated to the company code in
question, you cannot maintain any posting periods for this company code.

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?

Go to the Financial Accounting Configuration menu and allocate a fiscal
year variant to the company code via the menu path <LS>Environment ->
Company code -> Global parameters</>.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FC281 - Enter a valid account type ?

  The SAP error message FC281 "Enter a valid account type" typically occurs in the context of financial transactions, particularly when dealing with account assignments in SAP. This error indicates that the system requires a valid account type to be specified, but the input provided does not meet the criteria.
  
  Cause:
  
  Invalid Account Type: The account type entered does not exist in the system or is not recognized by SAP.
  Missing Configuration: The account type may not be configured properly in the system settings.
  Incorrect Transaction Type: The transaction being processed may not support the account type being used.
  User Input Error: There may be a typographical error or incorrect selection made by the user.
  
  
  Solution:
  
  
  Check Account Type: Verify that the account type you are trying to enter is valid. Common account types include:
  
  Asset (A)
  Liability (L)
  Equity (E)
  Revenue (R)
  Expense (X)
  
  
  
  Review Configuration: Ensure that the account type is properly configured in the system. This can be done by checking