How To Fix 1F102 - Balancing type for cash concentration ('0002') is missing in acct &1 &2

SAP Error Message - Details

• Message type: E = Error

• Message class: 1F - BKK: Beziehungen

• Message number: 102

• Message text: Balancing type for cash concentration ('0002') is missing in acct &1 &2

What causes this issue?

Cash concentration could not be carried out because for one of the
accounts the balancing type '0002' for cash concentration is not
defined in the master record.

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?

If the balancing type is missing because you want to exclude an account
or an entire hierarchy from cash concentration, maintain the balancing
type for the account again.
To prevent cash concentration you can change the validity period of the
hierarchy so that the hierarchy is no longer or not yet valid today. If
the hierarchy does not consist of too many accounts you can
alternatively set the field 'Next date' for all accounts of this
hierarchy to a date in the future (for balancing type '0002').
If you do not wish to exclude an entire hierarchy but just a few
accounts from cash concentrations, your only option is to put the date
forward to temporarily exclude these accounts from cash concentration.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 1F102 - Balancing type for cash concentration ('0002') is missing in acct &1 &2 ?

  The SAP error message 1F102 indicates that there is a missing balancing type for cash concentration in the specified account. This error typically arises in the context of cash management and financial accounting when the system is unable to find the necessary configuration for the cash concentration process.
  Cause:
  The error occurs due to the following reasons:
  
  Missing Configuration: The balancing type for cash concentration ('0002' in this case) is not defined in the system for the specified account.
  Incorrect Account Settings: The account settings may not be properly configured to handle cash concentration processes.
  Data Entry Error: There might be a typo or incorrect entry in the account configuration or during the transaction.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Configuration:
  
  Go to the transaction code OBY6 (or the relevant configuration transaction) to check the settings for cash concentration.
  Ensure that the balancing type '0002' is defined for the relevant account.
  
  
  
  Define Balancing Type:
  
  If the balancing type is missing, you will need to define it. This can typically be done in the configuration settings for cash management or financial accounting.
  Navigate to the appropriate configuration path in SPRO (SAP Reference IMG) and ensure that the balancing types are correctly set up.
  
  
  
  Review Account Settings:
  
  Check the account settings in transaction FS00 (G/L Account Master Record) to ensure that the account is correctly configured for cash concentration.
  Verify that the account is assigned to the correct company code and that all necessary fields are filled out.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to cash concentration and balancing types for additional guidance.
  
  
  
  Contact SAP Support:
  
  If you are unable to resolve the issue through configuration, consider reaching out to SAP support for assistance.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OBY6: Configuration for cash concentration.
  FS00: G/L Account Master Record.
  
  
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional troubleshooting steps.
  Documentation: Review the SAP Help Portal for detailed information on cash management and balancing types.
  
  By following these steps, you should be able to identify and resolve the cause of the error message 1F102 in your SAP system.