AC305

[Former Member]

I have been working on the account determination and for the clearing account for revenue from asset sale I ma getting this message that account not allowed to be a balance sheet account.

I am thinking the clearing account should be a B/S account. can anyone explain..

Thank you

I know how to override this error message by changing the message to warning...I just need to know the reason for this message

[Former Member]

Hi

Generally all clearing accounts are Balance Sheet accounts and to be posted automatically.

But in your case the revenue clearing account which has balance from the sale, cannot be shown as a BS item, because of the parameters you have set in the GL master record.

Now, check the GL account in FS00 for ticks in Open Item Management, Post Automatically and also check the FS group.

Reset the same and lastly, check the account group you have chosen, is it a Balance sheet one or PL type.

In any case, it it is the master data which needs to be changed.

reg

suresh