How To Fix FMPD001 - Please enter a money-relevant balance sheet account

SAP Error Message - Details

• Message type: E = Error

• Message class: FMPD - Messages for Payment Distribution

• Message number: 001

• Message text: Please enter a money-relevant balance sheet 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 FMPD001 - Please enter a money-relevant balance sheet account ?

  The SAP error message FMPD001 ("Please enter a money-relevant balance sheet account") typically occurs when you are trying to post a financial transaction that requires a balance sheet account, but the system does not recognize the account as a money-relevant account. This can happen in various financial transactions, such as during the posting of journal entries or when creating financial documents.
  Cause:
  
  Account Type: The account you are trying to use may not be configured as a money-relevant balance sheet account in the system. This means that the account is not set up to handle monetary values.
  Account Configuration: The account may be set up incorrectly in the chart of accounts or may not be assigned to the correct account group.
  Transaction Type: The type of transaction you are trying to perform may require a specific type of account that is not being used.
  
  Solution:
  
  
  Check Account Configuration:
  
  Go to the transaction code FS00 (G/L Account Master Record) and check the configuration of the account you are trying to use.
  Ensure that the account is set up as a balance sheet account and is marked as money-relevant.
  
  
  
  Account Group:
  
  Verify that the account belongs to the correct account group that allows for monetary transactions. You can check this in the account master data.
  
  
  
  Use Correct Account:
  
  If the account is not money-relevant, you will need to select a different account that is configured correctly for the transaction you are trying to perform.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about which account to use or how to configure it, consult with your finance or accounting team to ensure compliance with your organization's accounting policies.
  
  
  
  Transaction Type:
  
  Ensure that the transaction type you are using is appropriate for the account you are trying to post to. Some transactions may require specific account types.
  
  
  
  Related Information:
  
  SAP Documentation: Refer to SAP Help documentation for more details on account types and