How To Fix FDC_POSTING_001035 - Open item transaction currency amount can only be set for cash accounts

SAP Error Message - Details

• Message type: E = Error

• Message class: FDC_POSTING_001 - FI Postings

• Message number: 035

• Message text: Open item transaction currency amount can only be set for cash accounts

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FDC_POSTING_001035 - Open item transaction currency amount can only be set for cash accounts ?

  The SAP error message FDC_POSTING_001035 indicates that there is an issue with the transaction currency amount being set for an open item that is not a cash account. This error typically arises in the context of financial postings, particularly when dealing with open items in accounts receivable or accounts payable.
  Cause:
  The error occurs because the system is trying to set a transaction currency amount for an open item in an account that is not designated as a cash account. In SAP, cash accounts are specifically configured to handle cash transactions, and the system enforces rules that restrict certain operations to these accounts.
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Account Type: Verify that the account you are trying to post to is indeed a cash account. You can do this by checking the account settings in the SAP system.
  
  
  Use a Cash Account: If the account is not a cash account, you will need to either:
  
  Change the account to a cash account if appropriate.
  Use a different cash account for the transaction.
  
  
  
  Review Configuration: Ensure that the configuration for cash accounts is set up correctly in your SAP system. This includes checking the account type settings in the chart of accounts.
  
  
  Transaction Type: Make sure that the transaction type you are using is appropriate for the account. Some transaction types may only be valid for cash accounts.
  
  
  Consult Documentation: Refer to SAP documentation or your organization's internal guidelines for handling cash accounts and open item postings.
  
  
  Contact Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with an SAP expert who can provide further assistance.
  
  
  Related Information:
  
  Open Items: In SAP, open items refer to transactions that have not yet been cleared or settled. They are typically found in accounts receivable and accounts payable.
  Cash Accounts: These are specific accounts used to manage cash transactions, such as cash receipts and cash disbursements.
  Transaction Currency: This refers to the currency in which a transaction is conducted. In SAP, it is important to ensure that the currency settings align with the account type.
  
  By following these steps and understanding the context of the error, you should be able to resolve the issue effectively.