How To Fix 1K026 - No transaction type may be used for account closure

SAP Error Message - Details

• Message type: E = Error

• Message class: 1K - BCA: Account Type

• Message number: 026

• Message text: No transaction type may be used for account closure

What causes this issue?

None of the transaction types provides for the balancing entry for
account closure.

How to fix this error?

Set up one transaction type each for debit and credit for account
closure.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 1K026 - No transaction type may be used for account closure ?

  The SAP error message 1K026 ("No transaction type may be used for account closure") typically occurs in the context of financial accounting, particularly when dealing with account closures in the SAP system. This error indicates that the transaction type you are trying to use is not permitted for the account closure process.
  Cause:
  
  Incorrect Transaction Type: The transaction type you are using may not be configured to allow account closures. Each transaction type in SAP has specific settings that determine its allowed uses.
  Configuration Settings: The configuration settings for the transaction type may not include account closure as a valid operation.
  Account Type Restrictions: The account you are trying to close may have restrictions based on its type (e.g., asset accounts, liability accounts) that prevent certain transaction types from being used for closure.
  Period Closing: The error may also arise if the period for which you are trying to close the account is already closed or if there are open items that need to be resolved first.
  
  Solution:
  
  
  Check Transaction Type Configuration:
  
  Go to the configuration settings for the transaction type in the SAP system (Transaction Code: OBA7 or similar).
  Ensure that the transaction type is allowed for account closure. If not, you may need to create a new transaction type or modify the existing one to include account closure.
  
  
  
  Review Account Settings:
  
  Check the account settings in the chart of accounts to ensure that the account is configured correctly for closure.
  Ensure that the account type supports the transaction type you are trying to use.
  
  
  
  Open Items:
  
  Verify if there are any open items in the account that need to be cleared before closure. You can use transaction codes like FBL1N, FBL3N, or FBL5N to review open items.
  
  
  
  Period Status:
  
  Check if the financial period is open for posting. If the period is closed, you may need to reopen it or use a different period for the closure.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or consult with your SAP support team for specific guidance related to your configuration and business processes.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBA7 (for transaction type configuration), OB52 (for period closing), and FBL* (for open item management).
  SAP Notes: Check SAP Notes for any known issues or updates related to this error message.
  User Roles and Authorizations: Ensure that the user has the necessary authorizations to perform account closures.
  
  If the issue persists after checking the above points, it may be beneficial to engage with your SAP support team or a consultant who specializes in SAP Financial Accounting for further assistance.