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 -> Document Types -> Define Document Types
  
  
  
  
  Define the Offsetting Transaction Type:
  
  Find the transaction type that is causing the error (the one indicated by &1 in the error message).
  Check if there is an offsetting transaction type defined for it. If not, you will need to create or modify the configuration to include an offsetting transaction type.
  Ensure that the offsetting transaction type is correctly linked to the original transaction type.
  
  
  
  Save Changes:
  
  After making the necessary changes, save your configuration.
  
  
  
  Test the Transaction:
  
  Try to execute the transaction again to see if the error has been resolved.
  
  
  
  Related Information:
  
  Transaction Types: Transaction types in SAP are used to classify different types of financial transactions. Each transaction type can have specific settings that determine how the system processes the transaction.
  Offsetting Entries: In accounting, offsetting entries are used to balance out transactions. For every debit entry, there should be a corresponding credit entry, and vice versa.
  Documentation: Refer to SAP documentation or help resources for more detailed information on configuring transaction types and offsetting entries.
  
  If the issue persists after following these steps, it may be necessary to consult with your SAP support team or a functional consultant who specializes in financial accounting within SAP. They can provide further insights and assistance based on your specific system configuration and requirements.