How To Fix KQ154 - Profit/loss account & is a balance sheet account

SAP Error Message - Details

• Message type: E = Error

• Message class: KQ - Error Messages for Customizing Product Costing

• Message number: 154

• Message text: Profit/loss account & is a balance sheet account

What causes this issue?

The G/L account you entered in the <LS>Pt/LsAcct</> field is defined as
a balance sheet account.

System Response

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

How to fix this error?

Enter a G/L account that is defined as an <LS>income statement
account</>.
If this is a value adjustment entry, you must enter "1" in the
<LS>No</> field. In this case, you enter an income statement account in
the <LS>BalSheetAcct</> field and a balance sheet account in the
<LS>Pt/LsAcct</> field.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KQ154 - Profit/loss account & is a balance sheet account ?

  The SAP error message KQ154 indicates that there is an issue with the configuration of a profit/loss account that is being treated as a balance sheet account. This typically occurs in the context of financial accounting and controlling, particularly when dealing with cost centers, internal orders, or profit centers.
  Cause:
  The error arises when:
  
  A profit/loss account is incorrectly configured in the system as a balance sheet account.
  The account is being used in a context where it should not be, such as in a balance sheet report or transaction that requires a balance sheet account.
  There may be inconsistencies in the account settings in the chart of accounts or in the configuration of the controlling area.
  
  Solution:
  To resolve the KQ154 error, you can take the following steps:
  
  
  Check Account Configuration:
  
  Go to the account master data in SAP (Transaction Code: FS00).
  Verify that the account in question is correctly set up as a profit/loss account and not as a balance sheet account.
  Ensure that the account type is set to "P&L" (Profit and Loss) in the account settings.
  
  
  
  Review the Chart of Accounts:
  
  Ensure that the account is assigned to the correct chart of accounts and that it is not mistakenly classified as a balance sheet account.
  
  
  
  Examine Transaction Context:
  
  Check the transaction or report that triggered the error. Ensure that you are using the correct account type for the specific financial operation you are performing.
  
  
  
  Consult with Financial Team:
  
  If you are unsure about the account configuration, consult with your finance or accounting team to ensure that the account is set up according to your organization's financial policies.
  
  
  
  Adjust Configuration if Necessary:
  
  If the account needs to be reclassified, you may need to adjust the configuration in the system. This may involve changing the account type or creating a new account with the correct settings.
  
  
  
  Testing:
  
  After making changes, perform a test transaction to ensure that the error has been resolved.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  FS00: Create/Change G/L Account
  OBY6: Define Account Types
  OKEQ: Define Controlling Area
  
  
  
  Documentation:
  
  Refer to SAP documentation or help files for detailed information on account types and their configurations.
  
  
  
  Support:
  
  If the issue persists, consider reaching out to SAP support or your internal SAP support team for further assistance.
  
  
  
  By following these steps, you should be able to identify and resolve the KQ154 error in SAP.