How To Fix USMDZ3298 - &1 &2 Reconciliation account permitted for balance sheet account only

SAP Error Message - Details

• Message type: E = Error

• Message class: USMDZ3 - Nachrichtenklasse zum UI des User-Interfaces

• Message number: 298

• Message text: &1 &2 Reconciliation account permitted for balance sheet account only

Self-Explanatory Message

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• What is the cause and solution for SAP error message USMDZ3298 - &1 &2 Reconciliation account permitted for balance sheet account only ?

  The SAP error message USMDZ3298 indicates that a reconciliation account is being used incorrectly. Specifically, it states that a reconciliation account is permitted only for balance sheet accounts. This error typically arises in the context of financial accounting when trying to assign a reconciliation account to a non-balance sheet account, such as a profit and loss account.
  Cause:
  
  Incorrect Account Type: The account you are trying to assign as a reconciliation account is not a balance sheet account. Reconciliation accounts are specifically designed to work with balance sheet accounts (like accounts receivable or accounts payable).
  Configuration Issues: There may be a configuration issue in the chart of accounts or the account type settings in your SAP system.
  Data Entry Error: There might be a mistake in the data entry where the wrong account number is being referenced.
  
  Solution:
  
  
  Check Account Type: Verify that the account you are trying to use as a reconciliation account is indeed a balance sheet account. You can do this by checking the account settings in the SAP system.
  
  Go to the transaction code FS00 (G/L Account Master Record) and check the account type.
  
  
  
  Change Account Assignment: If the account is not a balance sheet account, you will need to either:
  
  Change the account type to a balance sheet account if appropriate.
  Use a different account that is correctly classified as a balance sheet account for the reconciliation.
  
  
  
  Review Configuration: If you believe the account should be valid, review the configuration settings in your SAP system to ensure that reconciliation accounts are set up correctly.
  
  Check the settings in the Financial Accounting (FI) module, particularly in the General Ledger and Accounts Receivable/Payable sections.
  
  
  
  Consult Documentation: Refer to SAP documentation or help resources for more detailed guidance on reconciliation accounts and their proper usage.
  
  
  Seek Help from SAP Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting SAP Notes for any known issues related to this error message.
  
  
  Related Information:
  
  Reconciliation Accounts: These are special G/L accounts that are used to aggregate the balances of sub-ledgers (like customer or vendor accounts) into the general ledger.
  Balance Sheet Accounts: These accounts represent the financial position of a company at a specific point in time, including assets, liabilities, and equity.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FS00 (G/L Account Master Record), OB52 (Open and Close Posting Periods), and OBD4 (Define Reconciliation Accounts) for managing accounts in SAP.
  
  By following these steps, you should be able to identify the cause of the error and implement the necessary changes to resolve it.