How To Fix BKN505 - Posting variant &1 does not exist for business transaction &2

SAP Error Message - Details

• Message type: E = Error

• Message class: BKN - Manual Actual Postings in CO

• Message number: 505

• Message text: Posting variant &1 does not exist for business transaction &2

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message BKN505 - Posting variant &1 does not exist for business transaction &2 ?

  The SAP error message BKN505 indicates that the posting variant specified for a particular business transaction does not exist in the system. This error typically occurs in the context of financial transactions, particularly in the area of cash management or bank accounting.
  
  Cause:
  
  Missing Posting Variant: The posting variant specified in the transaction does not exist in the system. This could be due to a configuration issue or because the variant was deleted or not created.
  Incorrect Configuration: The business transaction may not be properly configured to use the specified posting variant.
  Authorization Issues: The user may not have the necessary authorizations to access the specified posting variant.
  
  
  Solution:
  
  
  Check Posting Variants:
  
  Go to the configuration settings in SAP (Transaction Code: OBPM1 or similar) and check if the posting variant exists for the specified business transaction.
  If it does not exist, you may need to create a new posting variant or modify an existing one.
  
  
  
  Create or Modify Posting