How To Fix FTR_TEX1601 - End of Day Inventory Balance could be Set only for Asset/Liability

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_TEX1 - Messages for raw exposures

• Message number: 601

• Message text: End of Day Inventory Balance could be Set only for Asset/Liability

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 FTR_TEX1601 - End of Day Inventory Balance could be Set only for Asset/Liability ?

  The SAP error message FTR_TEX1601 indicates that there is an issue with the end-of-day inventory balance in the context of financial transactions, specifically related to asset or liability accounts. This error typically arises in the context of financial instruments or treasury management when the system is trying to set an end-of-day balance for an account that is not classified as an asset or liability.
  Cause:
  
  Incorrect Account Type: The account you are trying to set the end-of-day balance for is not classified as an asset or liability. This could happen if you are using a revenue or expense account instead.
  Configuration Issues: There may be configuration settings in the system that are not aligned with the requirements for handling end-of-day balances.
  Data Entry Errors: There could be mistakes in the data entry process, such as selecting the wrong account type or misconfiguring the financial instrument.
  
  Solution:
  
  Verify Account Type: Check the account you are trying to set the end-of-day balance for. Ensure that it is classified as an asset or liability. You can do this by reviewing the account settings in the SAP system.
  Adjust Configuration: If the account is correct but still causing issues, review the configuration settings related to financial instruments and treasury management. Ensure that the settings allow for end-of-day processing for the relevant account types.
  Correct Data Entry: If the error is due to incorrect data entry, correct the entries and try to process the end-of-day balance again.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on handling end-of-day balances and the requirements for asset/liability accounts.
  Seek Support: If the issue persists, consider reaching out to your SAP support team or consulting with an SAP expert who can provide more tailored assistance based on your specific configuration and usage.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional context on handling end-of-day balances.
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to treasury management and financial instruments, such as FTR_EDIT, FTR_CREATE, or FTR_TEX.
  Training and Documentation: Ensure that users involved in financial transactions are adequately trained on the system and understand the implications of account classifications.
  
  By addressing the underlying cause of the error and following the suggested solutions, you should be able to resolve the issue and successfully set the end-of-day inventory balance.