How To Fix 1J730 - There is no default offsetting transaction type for transaction type &1

SAP Error Message - Details

• Message type: E = Error

• Message class: 1J - BCA: Payment Order Dialog

• Message number: 730

• Message text: There is no default offsetting transaction type for transaction type &1

What causes this issue?

The following reasons are possible:
The system has found more than one offsetting transaction type for the
specified credit transaction type and no default transaction type has
been defined.
There is no offsetting transaction type assigned.

System Response

Depending on the activity you were performing, one of the following
system responses occurs:
The system cannot post a payment order with the specified transaction
type.
The system cannot save the reference account.

How to fix this error?

Either change the specified transaction type or assign the offsetting
transaction type in the Customizing activiy <LS>Assign Offsetting
Transaction Types</>.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 1J730 - There is no default offsetting transaction type for transaction type &1 ?

  The SAP error message 1J730 indicates that there is no default offsetting transaction type defined for the specified transaction type (&1). This error typically occurs in the context of financial transactions, particularly in the area of document posting or when dealing with accounting entries.
  
  Cause:
  The error is caused by the absence of a configuration that links the specified transaction type to an offsetting transaction type. In SAP, transaction types are used to categorize different types of financial transactions, and an offsetting transaction type is necessary for the system to know how to handle the corresponding accounting entries.
  
  Solution:
  To resolve this error, you need to define a default offsetting transaction type for the specified transaction type. Here are the steps to do this:
  
  
  Access the Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to the following path: SPRO -> SAP Reference IMG -> Financial Accounting (New) -> Financial Accounting Global Settings (New) -> Document ->