How To Fix MQ897 - P+L account &1/&2 is managed on an open item basis so cannot be checked

SAP Error Message - Details

• Message type: E = Error

• Message class: MQ - Messages for Euro Changeover Package

• Message number: 897

• Message text: P+L account &1/&2 is managed on an open item basis so cannot be checked

What causes this issue?

The profit and loss account <(>&<)>V1<(>&<)> in company code <(>&<)>V2
<(>&<)> is configured as an open item account. This is a customizing
error in the G/L account master record and makes it impossible to check
the account for consistency.

System Response

The system cannot check the consistency of the account.

How to fix this error?

Contact your SAP consultant.

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 MQ897 - P+L account &1/&2 is managed on an open item basis so cannot be checked ?

  The SAP error message MQ897 indicates that a Profit and Loss (P+L) account is managed on an open item basis, which means that the account is set up to track individual transactions until they are cleared. This error typically arises when there is an attempt to perform an operation that is not compatible with the open item management of the account.
  Cause:
  
  Open Item Management: The account in question is configured to manage open items, which means that it cannot be checked or processed in certain ways that are reserved for accounts that do not manage open items.
  Transaction Type: The operation you are trying to perform (e.g., posting, clearing, or checking) may not be allowed for accounts that are set to open item management.
  Configuration Issues: There may be a configuration issue in the account settings or in the transaction being executed.
  
  Solution:
  
  Review Account Configuration: Check the configuration of the P+L account in question. Ensure that it is set up correctly for open item management. You can do this by navigating to the account in the SAP system and reviewing its settings.
  Adjust Transaction: If the transaction you are trying to perform is not compatible with open item management, consider using a different approach or transaction that is appropriate for open item accounts.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on handling open item accounts and the types of transactions that can be performed.
  Contact Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with an SAP expert who can provide more tailored assistance.
  
  Related Information:
  
  Open Item Management: This is a feature in SAP that allows for the tracking of individual items in an account until they are cleared. It is commonly used for accounts that require detailed tracking of transactions, such as customer and vendor accounts.
  P+L Accounts: Profit and Loss accounts are used to record revenues and expenses, and they are typically closed at the end of a financial period to determine the net income or loss.
  Transaction Codes: Familiarize yourself with relevant transaction codes (e.g., FB50 for general ledger posting, FBL3N for displaying G/L account line items) that may help in managing open item accounts.
  
  By understanding the nature of the error and following the suggested solutions, you should be able to address the issue effectively.