What is formal error to which posting control can be applied in SAP FS-AM-IM - Item Management?

SAP Term: formal error to which posting control can be applied

• Component: FS-AM-IM

• Component Name: Item Management

• Description: A formal error to which Account Management responds in accordance with the posting control rules defined in Customizing. Account Management detects formal errors to which posting control can be applied when it runs the formal check object. If this check object finds an error, the system does not run any more checks. Example Account does not exist or is not active There is a posting lock Posting date is before the contract start date or after the contract end date Posting date is before the date of the last account settlement Value date is before the start date of the oldest settlement period for the account that has not yet been archived

Smart SAP Assistant

• Key Concepts: 
  A formal error to which posting control can be applied is a type of error that occurs when an item is posted to the wrong account or when the wrong amount is posted. This type of error can be prevented by using posting control in SAP FS-AM-IM Item Management. 
  
  How to use it: 
  Posting control in SAP FS-AM-IM Item Management can be used to prevent formal errors from occurring. This is done by setting up rules that specify which accounts and amounts are allowed for each item. If an item is posted with an account or amount that does not match the rules, the system will reject the posting and display an error message. 
  
  Tips & Tricks: 
  When setting up posting control in SAP FS-AM-IM Item Management, it is important to ensure that all of the necessary accounts and amounts are included in the rules. This will help to ensure that all formal errors are prevented. Additionally, it is important to regularly review the rules to make sure they are up-to-date and accurate. 
  
  Related Information: 
  For more information on how to set up posting control in SAP FS-AM-IM Item Management, please refer to the official SAP documentation. Additionally, there are many online tutorials and videos available that provide step-by-step instructions on how to set up posting control.