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

SAP Error Message - Details

• 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 the relevant company code and that it is marked as a reconciliation account for the appropriate account type (e.g., customer or vendor).
  Ensure that the account type (e.g., "D" for customers, "K" for vendors) matches the type of reconciliation account you are trying to use.
  
  
  
  Modify Account Settings:
  
  If the account is not set up as a reconciliation account, you may need to change its settings. This can be done by editing the G/L account master data and selecting the appropriate reconciliation account type.
  If necessary, create a new G/L account that is configured correctly as a reconciliation account.
  
  
  
  Review Posting Logic:
  
  Ensure that the transaction you are trying to post is appropriate for the account type you are using. For example, if you are posting to a customer account, make sure you are using a customer reconciliation account.
  
  
  
  Consult with SAP Support or Documentation:
  
  If you are unsure about the configuration or need further assistance, consult SAP documentation or reach out to your SAP support team for guidance.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  FS00: G/L Account Master Data
  OBY6: Define Company Code
  OBD2: Define Reconciliation Accounts for Customers/Vendors
  
  
  
  Account Types:
  
  D: Customer accounts
  K: Vendor accounts
  S: General ledger accounts
  
  
  
  Reconciliation Accounts: These accounts are used to aggregate the balances of sub-ledgers (like customer and vendor accounts) and are essential for maintaining accurate financial reporting.
  
  
  By following these steps, you should be able to resolve the FZ316 error and ensure that your G/L accounts are configured correctly for the transactions you are attempting to post.