How To Fix MQ772 - Item &1 is not a balance sheet item

SAP Error Message - Details

• Message type: E = Error

• Message class: MQ - Messages for Euro Changeover Package

• Message number: 772

• Message text: Item &1 is not a balance sheet item

What causes this issue?

You must specify a balance sheet item for adjustment postings in the
balance sheet. Item &V1& is, however, not a balance sheet item.

System Response

Error message

How to fix this error?

Enter a balance sheet item from <DS:TRAN.OC03>item maintenance</>.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message MQ772 - Item &1 is not a balance sheet item ?

  The SAP error message MQ772, which states "Item &1 is not a balance sheet item," typically occurs in the context of financial accounting when you are trying to perform an operation that requires a balance sheet item, but the specified item is not classified as such in the system.
  Cause:
  
  Incorrect Account Type: The item you are trying to use (represented by &1) is not defined as a balance sheet account in the SAP system. Balance sheet accounts are typically asset, liability, or equity accounts, while income statement accounts are revenue or expense accounts.
  Configuration Issues: The account may not be properly configured in the chart of accounts or may not have the correct account type assigned.
  Posting Errors: You might be trying to post a transaction that is not valid for the account type you are using.
  
  Solution:
  
  Check Account Type: Verify the account type of the item in question. You can do this by navigating to the account master data in SAP (Transaction Code: FS00) and checking the account settings.
  Review Configuration: Ensure that the account is correctly configured in the chart of accounts. If it should be a balance sheet item, you may need to change its settings.
  Correct Posting: If you are trying to post a transaction that is not appropriate for the account type, you may need to adjust your posting logic or choose a different account that is classified as a balance sheet item.
  Consult Documentation: Review SAP documentation or consult with your SAP FI consultant to ensure that the account is set up correctly according to your organization's financial reporting requirements.
  
  Related Information:
  
  Account Types in SAP: Understand the different account types in SAP (e.g., asset accounts, liability accounts, revenue accounts, expense accounts) and how they are used in financial reporting.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FS00 (to display or change account master data) and OB52 (to manage posting periods).
  SAP Notes: Check SAP Notes for any known issues or additional guidance related to this error message.
  User Roles and Authorizations: Ensure that you have the necessary permissions to access and modify account settings if required.
  
  If the issue persists after checking these aspects, it may be beneficial to engage with your SAP support team or a consultant for further assistance.