How To Fix FINS_MIG_HIST_BAL004 - There's no Balance Sheet account for the &1 account

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_MIG_HIST_BAL -

• Message number: 004

• Message text: There's no Balance Sheet account for the &1 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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Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_MIG_HIST_BAL004 - There's no Balance Sheet account for the &1 account ?

  The SAP error message FINS_MIG_HIST_BAL004 indicates that there is no Balance Sheet account assigned for a specific account in the context of financial migration. This error typically arises during the migration of historical balances in the SAP system, particularly when using the SAP S/4HANA Migration Cockpit or similar tools.
  Cause:
  The error occurs when:
  
  The account specified (represented by &1 in the error message) does not have a corresponding Balance Sheet account defined in the system.
  The account might be incorrectly configured or missing in the chart of accounts.
  The account is not set up as a Balance Sheet account in the financial settings.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Account Configuration:
  
  Go to the transaction code FS00 (G/L Account Master Record) and check the configuration of the account in question.
  Ensure that the account is set up correctly in the relevant chart of accounts and that it is marked as a Balance Sheet account.
  
  
  
  Assign Balance Sheet Account:
  
  If the account is not assigned as a Balance Sheet account, you may need to create or modify the account to ensure it is classified correctly.
  Ensure that the account type is set to "Balance Sheet" in the account settings.
  
  
  
  Review Migration Data:
  
  Check the migration data you are trying to upload. Ensure that the accounts listed in the migration file are valid and correspond to the accounts defined in your SAP system.
  
  
  
  Consult Documentation:
  
  Review the SAP documentation related to financial migration to ensure that you are following the correct procedures and that all necessary configurations are in place.
  
  
  
  Testing:
  
  After making the necessary changes, re-run the migration process to see if the error persists.
  
  
  
  Consult with SAP Support:
  
  If the issue continues after checking the above points, consider reaching out to SAP support for further assistance, as they may provide insights specific to your system configuration.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  FS00: G/L Account Master Record
  OBD4: Define G/L Account for Balance Sheet
  
  
  SAP Notes and Documentation:
  
  Check for any relevant SAP Notes that may address this specific error or provide additional guidance on financial migration.
  
  
  Migration Cockpit:
  
  Familiarize yourself with the SAP S/4HANA Migration Cockpit and its requirements for migrating financial data.
  
  
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.