1I551 - You cannot change balance type for balance sheet preparation

SAP Error Message - Details

• Message type: E = Error

• Message class: 1I - BCA: General Ledger Integration

• Message number: 551

• Message text: You cannot change balance type for balance sheet preparation

What causes this issue?

The balance sheet preparation was not able to process an entry in the
BKKC12 table. You attempted to change the balance type from "Current
Posting Date" to "Backdated Posting", when an error occurred.

Error message extract from SAP system. Copyright SAP SE.

AnswerBot

• What is the cause and solution for SAP error message 1I551 - You cannot change balance type for balance sheet preparation ?

  The SAP error message 1I551 ("You cannot change balance type for balance sheet preparation") typically occurs in the context of financial reporting, particularly when dealing with balance sheet preparations in SAP. This error indicates that there is an attempt to change the balance type for a balance sheet preparation that is not allowed.
  Cause:
  
  Incorrect Configuration: The balance type may be incorrectly configured in the system, or the settings may not allow for changes once the balance sheet preparation has started.
  Locked Period: The financial period may be locked, preventing changes to the balance type.
  Data Consistency: The system may be enforcing data consistency rules that prevent changes to the balance type after certain operations have been performed.
  
  Solution:
  
  Check Configuration: Review the configuration settings for balance sheet preparation in the SAP system. Ensure that the balance types are correctly defined and that the system allows for changes if necessary.
  Unlock Period: If the financial period is locked, consider unlocking it if it is appropriate to do so. This may involve working with your finance team to ensure that it does not disrupt other processes.
  Review Transactions: Check if there are any transactions or postings that have already been made that would prevent changes to the balance type. If so, you may need to reverse or adjust those transactions.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on balance sheet preparation and balance types.
  Contact SAP Support: If the issue persists and you cannot find a resolution, consider reaching out to SAP support for assistance. They may provide insights specific to your system configuration.
  
  Related Information:
  
  Balance Types: In SAP, balance types are used to differentiate between various types of balances (e.g., actual, plan, etc.) in financial reporting.
  Balance Sheet Preparation: This process involves compiling financial data to create a balance sheet, which reflects the financial position of an organization at a specific point in time.
  Transaction Codes: Familiarize yourself with relevant transaction codes (e.g., F.01 for balance sheet reports) that may help in navigating the financial reporting module.
  
  Best Practices:
  
  Always back up your data before making changes to configurations or financial periods.
  Ensure that all stakeholders are informed about changes to financial reporting processes.
  Regularly review and audit your financial configurations to prevent issues like this from occurring in the future.
  
  By following these steps, you should be able to address the error message 1I551 effectively.