How To Fix FB714 - The transaction type could not be determined from the account.

FB714 - Overview

• Message type: E = Error

• Message class: FB - Batch Programs

• Message number: 714

• Message text: The transaction type could not be determined from the account.

What causes this issue?

The transaction category could not be determined from the account
defined in Bank Account Management (for example, owing to missing
authorizations).

System Response

The default transaction category from Customizing is used.

How to fix this error?

Check whether the user has authorization for Bank Account Management.

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.

FB714 - Details

• The SAP error message FB714 ("The transaction type could not be determined from the account") typically occurs during the processing of financial transactions, particularly when trying to post a document in the Financial Accounting (FI) module. This error indicates that the system is unable to determine the appropriate transaction type for the account being used in the posting.
  Causes:
  
  
  Missing Configuration: The transaction type may not be configured for the specific account in the system. This can happen if the account is not set up correctly in the chart of accounts or if the necessary transaction types are not assigned to the account.
  
  
  Account Type Issues: The account being used may not be compatible with the transaction type being processed. For example, if you are trying to post a transaction that requires a specific type of account (like a revenue or expense account), but the account is set up as a different type