How To Fix GI364 - Enter a ledger that keeps an offsetting account

SAP Error Message - Details

• Message type: E = Error

• Message class: GI - FI-SL update

• Message number: 364

• Message text: Enter a ledger that keeps an offsetting account

What causes this issue?

You selected a ledger that is assigned to summary table &V1&, a table
that does not keep an offsetting account.

System Response

The program cannot be executed.

How to fix this error?

Select a ledger that is assigned to a summary table that updates the
offsetting account.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GI364 - Enter a ledger that keeps an offsetting account ?

  The SAP error message GI364, which states "Enter a ledger that keeps an offsetting account," typically occurs in the context of financial postings, particularly when dealing with General Ledger (G/L) accounts. This error indicates that the system requires a specific ledger that maintains an offsetting account for the transaction you are trying to process.
  Cause:
  
  Missing Ledger Configuration: The ledger you are trying to use does not have an offsetting account defined in the system.
  Incorrect Account Type: The account type you are using may not be compatible with the transaction type or the ledger settings.
  Posting Period Issues: The posting period may not be open for the ledger you are trying to use.
  Transaction Type Restrictions: Certain transaction types may require specific ledgers that maintain offsetting accounts.
  
  Solution:
  
  
  Check Ledger Configuration:
  
  Go to the configuration settings in SAP (Transaction Code: SPRO).
  Navigate to the Financial Accounting (FI) section and check the ledger settings.
  Ensure that the ledger you are trying to use has an offsetting account defined.
  
  
  
  Verify Account Types:
  
  Ensure that the G/L accounts you are using are correctly set up and compatible with the ledger.
  Check if the accounts are marked as "Balance Sheet" or "Profit and Loss" accounts as required.
  
  
  
  Open Posting Period:
  
  Check if the posting period for the ledger is open. You can do this by going to Transaction Code: OB52.
  If the period is closed, you may need to open it or use a different period.
  
  
  
  Review Transaction Type:
  
  Ensure that the transaction type you are using is appropriate for the ledger and that it requires an offsetting account.
  If necessary, consult with your finance team to confirm the correct transaction type.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for specific details related to your version of SAP and the configuration of ledgers.
  
  
  
  Related Information:
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  FB50: G/L Account Document Entry
  F-02: General Posting
  OB52: Open and Close Posting Periods
  SPRO: Customizing Implementation Guide
  
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  
  
  User Roles and Authorizations: Ensure that the user has the necessary authorizations to post to the specified ledger.
  
  
  If the issue persists after checking these areas, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in Financial Accounting within SAP.