How To Fix FAGL_COFI002 - Define a posting key for reconciliation postings with FI

SAP Error Message - Details

• Message type: E = Error

• Message class: FAGL_COFI - Messages for Real-Time Integration CO->FI

• Message number: 002

• Message text: Define a posting key for reconciliation postings with FI

What causes this issue?

The system tries to generate an accounting document to transfer a
Controlling document from CO-internal allocations into Financial
Accounting.

System Response

In Customizing for account determination, this posting does not have any
posting keys defined with which to generate accounting documents.

How to fix this error?

Define a posting key for reconciliation postings between Controlling and
Financial Accounting. For this, choose
<DS:SIMG.FAGL_COFI_OK17_DC>Define Account Determination for
Real-Time Integration</> in Customizing.

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 FAGL_COFI002 - Define a posting key for reconciliation postings with FI ?

  The SAP error message FAGL_COFI002 indicates that there is a missing configuration for a posting key that is required for reconciliation postings in the Financial Accounting (FI) module. This error typically arises when you are trying to post a transaction that requires a specific posting key for reconciliation accounts, but the system cannot find a defined posting key for that purpose.
  Cause:
  
  Missing Posting Key Configuration: The primary cause of this error is that the posting key for reconciliation postings has not been defined in the system.
  Incorrect Configuration: The posting key may be incorrectly configured or not assigned to the appropriate account types.
  System Settings: The system settings for the reconciliation accounts may not be properly set up.
  
  Solution:
  To resolve the FAGL_COFI002 error, you need to define the required posting key for reconciliation postings. Here are the steps to do this:
  
  
  Access the Configuration Menu:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO (Customizing) ? Financial Accounting ? General Ledger ? Master Data ? G/L Accounts ? Preparation for Creating G/L Accounts ? Define Posting Keys.
  
  
  
  Define Posting Key:
  
  In the posting key configuration screen, check if the required posting key for reconciliation accounts is defined.
  If it is not defined, create a new posting key or modify an existing one to include the necessary settings for reconciliation postings.
  Ensure that the posting key is set up to allow postings to reconciliation accounts.
  
  
  
  Assign Posting Key to Account Types:
  
  Make sure that the posting key is assigned to the appropriate account types (e.g., asset accounts, liability accounts) that will be used for reconciliation.
  
  
  
  Test the Configuration:
  
  After making the necessary changes, test the posting process again to ensure that the error is resolved.
  
  
  
  Related Information:
  
  Posting Keys: Posting keys are two-digit codes that determine the type of transaction being posted (e.g., debit or credit) and the account types that can be used.
  Reconciliation Accounts: These are special G/L accounts that are used to aggregate transactions from sub-ledgers (like accounts receivable and accounts payable) to ensure that the general ledger remains in sync with the sub-ledgers.
  Transaction Codes: You may use transaction codes like OB41 to manage posting keys directly.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or refer to SAP documentation for further troubleshooting.