3555729 - Error "In chart of accts YCOA, ensure reserves acct 00000001 is a balance sheet account"

Error occurs in app Manage Event-Based Posting Errors - Product Costing:

"In chart of accts YCOA, ensure reserves acct 00000001 is a balance sheet account"

SAP S/4HANA Cloud Public Edition

The configuration for Event-Based WIP and Variance Posting is not correct.

Check the SSCUI 103940 "Event-Based WIP and Variance Posting" - Define WIP Account Determination - Define WIP Account for Source.

Verify whether there is configuration for the same account in the SSCUI.

If yes, make sure the relevant account is created as Balance Sheet account in the Company Code.

Event-Based, costing, error, chart of accts, balance sheet account, reserves acct. , KBA , CO-PC-OBJ-ORD-2CL , Product Cost by Order (Public Cloud) , Problem