Symptom
When running advanced Foreign Currency Valuation via scheduling a job (Schedule general ledger jobs), the error FINS_FI_CLS123 - "GL Account &1 of Account Group &2 is not allowed for valuation" occurs. The error didn't occur before the 2408 version with same configuration.
Environment
SAP S/4HANA Cloud Public Edition 2408 and Above
Cause
The error message FINS_FI_CLS123 has been recently added to the system and will be triggered due to incorrect customizing.
Resolution
Follow the long text of the error message and remove the semantic tag for example, FX (Semantic Tag Name: Monetary Item) for the account in the app Manage Global Hierarchies or SSCUI 102659 - Assign Semantic Tags to Financial Statement Versions
Use SSCUI 101878 - Define Semantic Tas for Financial Statement Version to see Semantic Tag ID and Name
NA FINS_FI_CLS123
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Short Text
GL Account &1 of Account Group &2 is not allowed for valuation.
Diagnosis
The job tried to valuate the G/L account or tried to post to G/L account .
This is not possible because account is a non-monetary account. A non-monetary account could be, for example, a fixed asset account.
You must not tag non-monetary accounts for valuation.
You must not enter non-monetary accounts as accounts where the results of advanced valuation jobs are posted.
Procedure
Remove semantic tag in financial statement version
Check which tags are assigned to account and or account group in the financial statement version and remove the tags FX, ACCREC, and ACCREC_OTH, from account or the account group .
Do not assign the FX, ACCREC, and ACCREC_OTH semantic tags to non-monetary accounts. To remove those tags from accounts or account groups in the financial statement version, proceed as follows:
- For FSVs created using Manage Global Hierarchies, use the Manage Global Hierarchies app.
a) As a G/L accountant open the Manage Global Hierarchies app.
b) Go to the financial statement version and locate account in the hierarchy.
c) Remove any of the following semantic tags from the account group or the account : FX, ACCREC, and ACCREC_OTH. - For the FSVs created using Define Financial Statement Versions, use the Assign Semantic Tags to Financial Statement Versions app
a) As a G/L accountant open Assign Semantic Tags to Financial Statement Versions app.
b) Select the FSV that contains account and choose Details.
c) Remove any of the following tags from the account group : FX, ACCREC, and ACCREC_OTH
Remove non-monetary account from configuration of advanced valuation in financial accounting.
As a business configuration expert, check if account which is tagged as a non-monetary account, has been assigned as an account to which the job you have used tried to posts to. If this is the case, you must remove the account from the configuration.
Proceed as follows:
- For Advanced Foreign Currency Valuation:
1. Go the configuration activity Define Rules for Advanced Foreign Currency Valuation (ID:105450).
2. In the configuration activity, check the section Assign G/L Accounts for FXV.
3. Remove account from any of the following fields:
-
- Reset FX Unrealized Gain Account
-
- Reset RX Unrealized Loss Account
-
- FX Gain Unrealized Account
-
- FX Loss Unrealized Account
- For Post Credit-Risk Based Impairment:
1. Go the configuration activity Define Rules for Impairment (ID:).
2. In the configuration activity, check the section Assign G/L Accounts for Impairment.
3. Remove account from any of the following fields:
-
- New/Change
-
- Release
- For Post Discounting of Long-Term Assets and Liabilities:
1. Go the configuration activity Define Discounting Rules (ID: 104799).
2. In the configuration activity, check the section Assign G/L Accounts for Discounting
3. Remove account from any of the following fields:
-
- Default Revenue Adjustment
-
- Interest Income
-
- Default Expense Adjustment
-
- Interest Expense
- For Post B/S Reclassification:
1. Go the configuration activity Define Discounting Rules (ID: 104799).
2. In the configuration activity, check the section Assign G/L Accounts for Discounting.
3. Remove account from any of the following fields:
-
- Target Account
-
- Source Account
- Source Account
See Also
Refer to KBA 2707813 - SAP S/4HANA Cloud Public Edition: Configuration Transport import time to P system for additional information.
Keywords
SAP S/4HANA Cloud Public Edition, Schedule General Ledger Jobs, Advanced Foreign Currency Valuation, Account Group Assets, monthly closing, error FINS_FI_CLS123, semantic tag FX, Monetary Item, Manage Global Hierarchies. , KBA , FI-GL-GL-G-2CL , Closing Operations / Period-End (Public Cloud) , Problem