3446893 - Error 'G/L account is not a bank reconciliation account or B/S account' occurs when assigning G/L Account to House Bank Account

When assigning G/L Account to House Bank Account under House Bank Account Connectivity in app Manage Bank Accounts, error ‘G/L account is not a bank reconciliation account or B/S account’ occurs.

SAP S/4HANA Cloud

1. Go to app Manage Bank Accounts.
2. Under House Bank Account Connectivity, Create or Select the respective House Bank Account.
3. Specify the G/L Account under House Bank Account Data.
4. Error 'G/L account is not a bank reconciliation account or B/S account’ occurs.

The G/L Account assigned to the House Bank Account is neither a Bank Reconciliation Account nor a Balance Sheet Account.

For house bank accounts with the ID category Central System: House Bank Account, either a bank reconciliation account or a balance sheet account needs to be specified. The two types of G/L accounts correspond with two different approaches of maintaining G/L accounts for bank account payments.

Defining House Bank Accounts

S4_PC, S4_1C, FIN-FSCM-CLM-BAM, House Bank Account, G/L Account, Bank Reconciliation Account, Balance Sheet Account, G/L Account Type, House Bank Account Connectivity, Manage Bank Accounts, House Bank Account Data , KBA , FIN-FSCM-CLM-BAM-2CL , Bank Account Management (Public Cloud) , Problem