How To Fix FINS_CFIN_AC_CFG053 - Account to be substituted &1 must be a reconciliation or OI managed acct

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_CFIN_AC_CFG - Central Finance: Configuration

• Message number: 053

• Message text: Account to be substituted &1 must be a reconciliation or OI managed acct

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_CFIN_AC_CFG053 - Account to be substituted &1 must be a reconciliation or OI managed acct ?

  The SAP error message FINS_CFIN_AC_CFG053 indicates that there is an issue with the account substitution configuration in the Central Finance (CFIN) environment. Specifically, it states that the account you are trying to substitute must be a reconciliation account or an Other Income (OI) managed account.
  Cause:
  
  Account Type: The account you are trying to substitute is not defined as a reconciliation account or an OI managed account in the system. In SAP, reconciliation accounts are used to consolidate transactions from subsidiary ledgers into the general ledger.
  Configuration Issues: There may be a misconfiguration in the account substitution rules or the mapping of accounts between the source and target systems.
  Data Entry Error: The account number entered may be incorrect or not properly set up in the system.
  
  Solution:
  
  
  Check Account Configuration:
  
  Go to the transaction code OBY6 (for General Ledger Accounts) and verify that the account you are trying to substitute is indeed set up as a reconciliation account or an OI managed account.
  If it is not, you may need to change the account type or use a different account that meets the criteria.
  
  
  
  Review Substitution Rules:
  
  Navigate to the transaction code OB28 (for Substitution Rules) and check the rules defined for account substitution. Ensure that the rules are correctly set up to include only reconciliation or OI managed accounts.
  
  
  
  Mapping in Central Finance:
  
  If you are working in a Central Finance scenario, ensure that the mapping of accounts from the source system to the target system is correctly configured. This can be done in the Central Finance configuration settings.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or notes related to Central Finance and account substitution for any specific guidelines or updates that may apply to your version of SAP.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OBY6: Configuration of General Ledger Accounts
  OB28: Configuration of Substitution Rules
  CFIN Configuration: Review the Central Finance configuration settings for account mapping and substitution.
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  
  
  User Roles: Ensure that you have the necessary authorizations to make changes to account configurations and substitution rules.
  
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a consultant who specializes in Central Finance configurations.