How To Fix FI588 - Allocation item must not be stored in account

SAP Error Message - Details

• Message type: E = Error

• Message class: FI - TR-FM Funds Management

• Message number: 588

• Message text: Allocation item must not be stored in account

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message FI588 - Allocation item must not be stored in account ?

  The SAP error message FI588 ("Allocation item must not be stored in account") typically occurs in the context of financial accounting when there is an issue with the way allocation items are being processed in the system. This error is often related to the configuration of the accounts involved in the allocation process.
  Cause:
  
  Account Configuration: The account in question is configured in such a way that it does not allow allocation items to be posted to it. This can happen if the account is set up as a balance sheet account or if it has specific settings that restrict allocation postings.
  Posting Type: The type of posting being attempted may not be compatible with the account settings. For example, if you are trying to post an allocation entry to an account that is not meant to handle such entries, this error will occur.
  Document Type: The document type used for the posting may not be allowed for the specific account or allocation item.
  
  Solution:
  
  
  Check Account Configuration: Review the configuration of the account in question. Ensure that it is set up to allow allocation items. You can do this by checking the account type and the settings in the chart of accounts.
  
  Go to transaction code FS00 to view the account details.
  Check the "Control Data" tab for settings related to posting and allocations.
  
  
  
  Review Posting Logic: Ensure that the posting logic being used is appropriate for the account. If you are using a specific allocation method, verify that it aligns with the account's configuration.
  
  
  Change Document Type: If the document type being used is not compatible with the account, consider changing it to one that is allowed for allocation postings.
  
  
  Consult with SAP Support: If you are unable to resolve the issue through configuration changes, consider reaching out to SAP support or your internal SAP team for further assistance.
  
  
  Related Information:
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  FS00: For account master data maintenance.
  FB50: For general ledger postings.
  FBL3N: For displaying G/L account line items.
  
  
  
  Documentation: Review SAP documentation related to financial accounting and allocation processes to understand the underlying principles and configurations.
  
  
  Testing: After making any changes, perform test postings to ensure that the error is resolved and that the system behaves as expected.
  
  
  By following these steps, you should be able to identify the cause of the FI588 error and implement a solution to resolve it.