How To Fix FZ316 - G/L acct & in comp.code & is not a reconciliation acct for acct type &

FZ316 - Overview

• Message type: E = Error

• Message class: FZ - Payment Transactions

• Message number: 316

• Message text: G/L acct & in comp.code & is not a reconciliation acct for acct type &

What causes this issue?

Account &V1& is entered as a reconciliation account in the
customer/vendor master record or as a reconciliation account for
special G/L transactions (down payments, bills of exchange, etc.) in
Customizing.

System Response

The payment cannot be posted.

How to fix this error?

<ZH>Procedure for the system administrator</>
Check the reconciliation account in the customer/vendor master record
and correct the entry, if necessary. For special G/L transactions,
correct the specification of the alternative reconciliation account.
<DS:TRAN.FBKP>Proceed</>

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FZ316 - G/L acct & in comp.code & is not a reconciliation acct for acct type & ?

  The SAP error message FZ316 indicates that the General Ledger (G/L) account you are trying to use in a specific company code is not set up as a reconciliation account for the specified account type. This typically occurs when you are attempting to post a transaction that requires a reconciliation account, but the account you are using does not meet the necessary criteria.
  
  Cause:
  
  Account Type Mismatch: The G/L account you are trying to use is not defined as a reconciliation account for the specified account type (e.g., customer, vendor).
  
  Configuration Issues: The account may not be properly configured in the chart of accounts or company code settings.
  Incorrect Account Usage: The account may be used in a context that requires it to be a reconciliation account, but it is not set up as such.
  
  
  Solution:
  
  
  Check Account Configuration:
  
  Go to the G/L account master data (transaction code FS00).
  Verify that the account is set up correctly in