How To Fix FH750 - P&L account type not possible for balance sheet accounts

SAP Error Message - Details

• Message type: E = Error

• Message class: FH - General ledger module messages

• Message number: 750

• Message text: P&L account type not possible for balance sheet accounts

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FH750 - P&L account type not possible for balance sheet accounts ?

  The SAP error message FH750, which states "P&L account type not possible for balance sheet accounts," typically occurs when there is an attempt to assign a Profit and Loss (P&L) account type to a balance sheet account in the SAP system. This error is common in financial transactions where the system expects a specific account type based on the nature of the transaction.
  Cause:
  
  Account Type Misconfiguration: The account in question is configured as a balance sheet account (e.g., asset or liability) but is being treated as a P&L account in the transaction.
  Transaction Type Mismatch: The transaction being processed (e.g., journal entry, posting) is expecting a P&L account but is referencing a balance sheet account.
  Incorrect Account Assignment: The account assignment in the transaction may be incorrect, leading to the system trying to use a balance sheet account where a P&L account is required.
  
  Solution:
  
  
  Check Account Configuration: 
  
  Go to the account master data (transaction code FS00) and verify the account type. Ensure that the account is correctly classified as either a balance sheet account or a P&L account based on its intended use.
  
  
  
  Review Transaction Details:
  
  Check the transaction you are trying to post. Ensure that you are using the correct account types. If the transaction is meant to affect P&L, make sure you are using a P&L account.
  
  
  
  Adjust Account Assignment:
  
  If you find that the wrong account is being used, update the transaction to reference the correct P&L account instead of the balance sheet account.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about the account types or the nature of the transaction, consult with your finance or accounting team to ensure that the correct accounts are being used.
  
  
  
  Review Configuration Settings:
  
  If the issue persists, it may be necessary to review the configuration settings in the Financial Accounting (FI) module to ensure that account types are set up correctly.
  
  
  
  Related Information:
  
  Account Types in SAP: In SAP, accounts are classified into different types, such as balance sheet accounts (assets, liabilities) and P&L accounts (revenues, expenses). Each type has specific rules regarding how they can be used in transactions.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FS00 (to view or edit account master data) and FB50 (to post general ledger entries) to troubleshoot and resolve issues effectively.
  SAP Documentation: Refer to SAP Help documentation for detailed information on account types and their configurations.
  
  By following these steps, you should be able to resolve the FH750 error and ensure that your financial transactions are processed correctly in SAP.