How To Fix FR583 - Postings are created as 'Bal. sheet preparation valuation' is set

SAP Error Message - Details

• Message type: E = Error

• Message class: FR - Messages for FI Reporting

• Message number: 583

• Message text: Postings are created as 'Bal. sheet preparation valuation' is set

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FR583 - Postings are created as 'Bal. sheet preparation valuation' is set ?

  The SAP error message FR583 indicates that postings are being created as "Balance Sheet Preparation Valuation" because the relevant configuration setting is enabled. This typically occurs in the context of financial accounting and can affect how transactions are processed in the system.
  Cause:
  The error message FR583 is triggered when:
  
  The "Balance Sheet Preparation Valuation" setting is activated in the configuration.
  The system is trying to post transactions that are not compatible with this setting, leading to the error.
  
  Solution:
  To resolve this issue, you can consider the following steps:
  
  
  Check Configuration Settings:
  
  Navigate to the configuration settings for the relevant company code or controlling area.
  Go to the path: Financial Accounting (FI) > General Ledger Accounting > Periodic Processing > Balance Sheet Preparation.
  Review the settings related to "Balance Sheet Preparation Valuation" and determine if it is necessary for your business processes.
  
  
  
  Adjust Posting Logic:
  
  If the setting is not required, you may disable it. However, ensure that this change aligns with your financial reporting requirements.
  If the setting is required, ensure that the transactions being posted are appropriate for this valuation method.
  
  
  
  Review Transaction Types:
  
  Check the transaction types being used for postings. Ensure that they are compatible with the balance sheet preparation valuation settings.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to financial accounting and balance sheet preparation to understand the implications of the settings.
  
  
  
  Testing:
  
  After making any changes, perform test postings to ensure that the error does not reoccur and that the system behaves as expected.
  
  
  
  Seek Expert Help:
  
  If you are unsure about making changes to the configuration, consult with an SAP FI consultant or your internal SAP support team for guidance.
  
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or patches related to this error message.
  Transaction Codes: Familiarize yourself with transaction codes related to financial accounting, such as FB50 (General Ledger Account Document Entry) or F-02 (General Posting), to understand where the error may be occurring.
  User Exits and BAdIs: If custom logic is implemented in your SAP system, check for any user exits or BAdIs that may affect posting behavior.
  
  By following these steps, you should be able to identify the cause of the FR583 error and implement a suitable solution.