1I718 - Loss on receivables can only be posted for negative account balance

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 718

• Message text: Loss on receivables can only be posted for negative account balance

What causes this issue?

Posting date-based balance :&v1& &v2& on : &v3&

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Error message extract from SAP system. Copyright SAP SE.

AnswerBot

• What is the cause and solution for SAP error message 1I718 - Loss on receivables can only be posted for negative account balance ?

  The SAP error message 1I718 ("Loss on receivables can only be posted for negative account balance") typically occurs in the context of financial accounting, particularly when dealing with accounts receivable. This error indicates that there is an attempt to post a loss on receivables when the account balance is not negative, which is a requirement for such postings.
  Cause:
  
  Positive Account Balance: The most common cause of this error is that the account you are trying to post a loss against has a positive balance. In SAP, losses on receivables can only be recognized when the account balance is negative, indicating that there is an actual loss to be accounted for.
  Incorrect Posting Logic: The logic used in the transaction or the configuration of the account may not align with the requirements for posting losses.
  Data Entry Errors: There may be errors in the data entry process, such as incorrect amounts or account selections.
  
  Solution:
  
  Check Account Balance: Verify the balance of the account you are trying to post against. If it is positive, you will need to adjust the account balance to reflect a loss before attempting to post again.
  Adjust the Transaction: If the account balance is indeed positive, consider whether you need to adjust the transaction or the accounting entries to reflect the correct situation. This may involve writing off the receivable or adjusting the related entries.
  Review Configuration: Check the configuration of the account in the SAP system to ensure that it is set up correctly for handling losses on receivables.
  Consult Documentation: Review SAP documentation or consult with your SAP support team for specific guidelines on handling losses on receivables in your version of SAP.
  Use Correct Transaction Codes: Ensure that you are using the correct transaction codes for posting losses on receivables. Sometimes, using the wrong transaction can lead to errors.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on handling losses on receivables.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FB50 (General Ledger Account Document Entry) or F-28 (Post Incoming Payments) that may be involved in the process.
  User Roles and Permissions: Ensure that you have the necessary permissions to post transactions related to accounts receivable and losses.
  
  If the issue persists after following these steps, it may be beneficial to engage with your SAP support team or a consultant who specializes in SAP Financial Accounting for further assistance.