How To Fix EK293 - Do not specify a tax code for interest on cash security deposits in USA

EK293 - Overview

• Message type: E = Error

• Message class: EK - IS-U Accounts Receivable and Payable

• Message number: 293

• Message text: Do not specify a tax code for interest on cash security deposits in USA

What causes this issue?

If a Jurisdiction Code is used to identify the geographical entity
(federal state, province, county, city and so on) is used for tax
calculation purposes as is usual in the USA, do not specify a tax code
for interest on cash security deposits.

System Response

The system cannot create any correct postings using the current
parameters.

How to fix this error?

Delete the tax code for interest on cash security deposits.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message EK293 - Do not specify a tax code for interest on cash security deposits in USA ?

  The SAP error message EK293, which states "Do not specify a tax code for interest on cash security deposits in USA," typically arises in the context of financial transactions involving cash security deposits in the United States. This error indicates that the system does not allow the specification of a tax code for interest earned on cash security deposits due to regulatory or configuration reasons.
  
  Cause:
  
  Regulatory Compliance: In the U.S., interest on cash security deposits may not be subject to the same tax treatment as other types of interest income, leading to restrictions in how tax codes can be applied.
  Configuration Settings: The SAP system may be configured to prevent the assignment of tax codes to certain types of transactions, particularly those related to cash security deposits.
  Transaction Type: The specific transaction type being processed may not allow for tax codes to be specified, as it is predefined in the system.
  
  
  Solution:
  
  Review Configuration: Check