How To Fix FIN_BS_DIALOG056 - Only one financial statement version can be entered for chart of accounts

SAP Error Message - Details

• Message type: E = Error

• Message class: FIN_BS_DIALOG - Messages Relating to Balance Sheet Dialog

• Message number: 056

• Message text: Only one financial statement version can be entered for chart of accounts

Self-Explanatory Message

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• What is the cause and solution for SAP error message FIN_BS_DIALOG056 - Only one financial statement version can be entered for chart of accounts ?

  The SAP error message FIN_BS_DIALOG056 indicates that there is an issue with the configuration of financial statement versions in relation to the chart of accounts. Specifically, it means that only one financial statement version can be assigned to a particular chart of accounts, and the system has detected an attempt to assign more than one.
  Cause:
  
  Multiple Assignments: The error typically occurs when there are multiple financial statement versions assigned to the same chart of accounts in the system.
  Configuration Error: It may also arise from incorrect configuration settings in the financial accounting module, where the system expects a one-to-one relationship between the chart of accounts and the financial statement version.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Financial Statement Versions:
  
  Go to the transaction code OB58 (or navigate through the menu: Financial Accounting > General Ledger > Master Data > G/L Accounts > Prepare for Financial Statement).
  Review the financial statement versions assigned to the chart of accounts in question.
  
  
  
  Remove Duplicate Assignments:
  
  If you find that multiple financial statement versions are assigned to the same chart of accounts, you will need to remove the duplicates.
  Ensure that only one financial statement version is assigned to the chart of accounts.
  
  
  
  Review Configuration:
  
  Check the configuration settings in the Financial Accounting module to ensure that the relationship between the chart of accounts and financial statement versions is set up correctly.
  If necessary, consult with your SAP configuration team or refer to SAP documentation for guidance on setting up financial statement versions.
  
  
  
  Testing:
  
  After making the necessary changes, test the configuration by attempting to access the financial statement again to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB58 for financial statement versions and OBY6 for chart of accounts settings.
  SAP Notes: Check SAP Notes for any specific patches or updates related to this error message, as there may be known issues or fixes provided by SAP.
  Documentation: Refer to SAP Help documentation for detailed information on financial statement versions and their configuration.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or reach out to SAP support for further assistance.