Message type: E = Error
Message class: FINS_REV_REC - Event Based revenue recognition
Message number: 056
Message text: Account &1 is not flagged as a balance sheet account in Chrt/Accts &2
Checking the quoted account and chart of accounts indicates that the
account is not flagged properly as a balance sheet account.
The system issues an error message and will not allow you to continue with this transaction until the error is resolved.
You may
check whether a suitable account is maintained by the customizing of
event based revenue recognition<(>,<)>
check the settings of the quoted account.
or contact your system administrator
Technical information: The SAP table SKA1 (G/L account master (chart of
accounts)) is checked for displaying the correct indicator "account is a
balance sheet account".
Error message extract from SAP system. Copyright SAP SE.
The SAP error message FINS_REV_REC056 indicates that the account specified in the error message is not flagged as a balance sheet account in the chart of accounts. This error typically arises in the context of revenue recognition and related financial processes, where certain accounts must be designated as balance sheet accounts to properly handle transactions.
Cause: The primary cause of this error is that the account you are trying to use (Account &1) is not configured correctly in the chart of accounts (Chart of Accounts &2). Specifically, it is not marked as a balance sheet account, which is necessary for the system to process certain financial transactions, especially those related to revenue recognition.
Solution: To resolve this error, you need to ensure that the account in question is correctly flagged as a balance sheet account. Here are the steps to do this: Access the Chart of Accounts: Go to the SAP transaction code OBD4 (or use
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