How To Fix FI301 - Cash holding items must have item category 1

SAP Error Message - Details

• Message type: E = Error

• Message class: FI - TR-FM Funds Management

• Message number: 301

• Message text: Cash holding items must have item category 1

What causes this issue?

Cash holding items must be flagged as asset items.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FI301 - Cash holding items must have item category 1 ?

  The SAP error message FI301 ("Cash holding items must have item category 1") typically occurs in the context of financial accounting when processing cash holding items in the system. This error indicates that the item category assigned to a cash holding item is not set to the required value (item category 1).
  Cause:
  The error is caused by one of the following reasons:
  
  Incorrect Item Category: The item category assigned to the cash holding item is not set to "1". In SAP, item categories are used to classify different types of financial transactions, and for cash holding items, the system expects a specific category.
  Configuration Issues: There may be configuration settings in the financial accounting module that are not aligned with the requirements for cash holding items.
  Data Entry Error: During the entry of the cash holding item, the user may have inadvertently selected an incorrect item category.
  
  Solution:
  To resolve the FI301 error, you can take the following steps:
  
  
  Check Item Category:
  
  Review the item category assigned to the cash holding item. Ensure that it is set to "1". You can do this by navigating to the relevant transaction or document where the error occurred and checking the item details.
  
  
  
  Adjust Configuration:
  
  If the item category is not set correctly, you may need to adjust the configuration in the SAP system. This typically involves:
  
  Accessing the configuration settings for financial accounting (transaction code SPRO).
  Navigating to the relevant section for cash management or financial accounting.
  Ensuring that the item categories are correctly defined and that item category "1" is set for cash holding items.
  
  
  
  
  
  Data Entry Correction:
  
  If the error occurred due to incorrect data entry, correct the entry by selecting the appropriate item category (1) for the cash holding item.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for additional guidance on item categories and cash holding items.
  
  
  
  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:
  
  Item Categories: In SAP, item categories are crucial for determining how transactions are processed and reported. Each category has specific rules and behaviors associated with it.
  Cash Management: Understanding the cash management module in SAP can help in managing cash holding items effectively and ensuring compliance with financial regulations.
  Transaction Codes: Familiarize yourself with relevant transaction codes (e.g., FB50 for general ledger postings, FBCJ for cash journal) that may be involved in processing cash holding items.
  
  By following these steps, you should be able to identify the cause of the FI301 error and implement the necessary corrections to resolve it.