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

FI301 - Overview

• 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.

FI301 - Details

• 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