Issue No.: 12
After a transaction was posted, the client learned that an account that was classified as a balance sheet account should have been a P&L account. Now the client wants to reclassify the G/L account. Is this possible?
The reclassification of G/L accounts from a balance sheet account to a P&L account or vice versa is possible. Here are the
steps for such a conversion:
1. You can reclassify a G/L account when its balance is zero. So clear all open items and bring your account balance to zero.
2. Through T-code FS00, change the account type from a BS account to a P&L account. In a standard SAP system, you will get an error message. Note the message numbers.
3. Change the message control by following this menu path: SPRO → Cross-Application Components → Bank Directory → Change Message Control (transaction code OBA5).
4. Enter FH in the Area box (note that this is just an example) and press Enter for the next screen. In the New Entries: Overview of Added Entries screen, enter the two message numbers from step 2 and set the message to W (for Warning).
5. Once you have completed step 4, reclassify your G/L account as mentioned in step 2 This time, the system will issue a warning message and your account will be reclassified once you save your changes.
6. If your books of accounts are closed for the previous year, run program SAPF0110 to carry forward your balance to
the new year.The reclassification of G/L accounts is advisable at either the end or beginning of the year.
After a transaction was posted, the client learned that an account that was classified as a balance sheet account should have been a P&L account. Now the client wants to reclassify the G/L account. Is this possible?
The reclassification of G/L accounts from a balance sheet account to a P&L account or vice versa is possible. Here are the
steps for such a conversion:
1. You can reclassify a G/L account when its balance is zero. So clear all open items and bring your account balance to zero.
2. Through T-code FS00, change the account type from a BS account to a P&L account. In a standard SAP system, you will get an error message. Note the message numbers.
3. Change the message control by following this menu path: SPRO → Cross-Application Components → Bank Directory → Change Message Control (transaction code OBA5).
4. Enter FH in the Area box (note that this is just an example) and press Enter for the next screen. In the New Entries: Overview of Added Entries screen, enter the two message numbers from step 2 and set the message to W (for Warning).
6. If your books of accounts are closed for the previous year, run program SAPF0110 to carry forward your balance to
the new year.The reclassification of G/L accounts is advisable at either the end or beginning of the year.
