How To Fix KM664 - You have only selected profit and loss accounts which cannot be entered

KM664 - Overview

• Message type: E = Error

• Message class: KM - Error messages for Profit Center Accounting

• Message number: 664

• Message text: You have only selected profit and loss accounts which cannot be entered

What causes this issue?

For the characteristic "Account" you have only selected profit and loss
accounts or revenue/cost elements. Consequently, there are no accounts
for which you can enter values.

System Response

The function was terminated.

How to fix this error?

Select at least one account in which you can plan balance sheet
balances. This can be any account defined as a balance sheet account in
the chart of accounts.

Error message extract from SAP system. Copyright SAP SE.

KM664 - Details

• The SAP error message KM664, which states "You have only selected profit and loss accounts which cannot be entered," typically occurs in the context of financial transactions, particularly when dealing with account postings in the SAP system. This error indicates that the accounts you are trying to use for a transaction are classified as profit and loss (P&L) accounts, which are not suitable for the type of entry you are attempting to make.
  
  Cause:
  
  Account Type: The accounts selected for the transaction are profit and loss accounts. In SAP, P&L accounts are used to record revenues and expenses, and they cannot be used for certain types of postings, such as asset acquisitions or balance sheet entries.
  Transaction Type: The transaction you are trying to perform may require the use of balance sheet accounts (assets or liabilities) instead of P&L accounts.
  
  Configuration Issues: There may be configuration settings in the SAP system that restrict the