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

FI588 - Overview

• 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.

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FI588 - Details

• 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