How To Fix FICA_COLIABILITY_OBJ126 - No correspondence required for co-liability &1, BP &2, CA &3, CO &4

FICA_COLIABILITY_OBJ126 - Overview

• Message type: E = Error

• Message class: FICA_COLIABILITY_OBJ - Debt Object Messages

• Message number: 126

• Message text: No correspondence required for co-liability &1, BP &2, CA &3, CO &4

What causes this issue?

No change since last correspondence. Therefore<(>,<)> no new
correspondence has been created for co-liability <(>&<)>1 with
Business partner <(>&<)>2
Contract account <(>&<)>3
Contract object <(>&<)>4

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?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

FICA_COLIABILITY_OBJ126 - Details

• The SAP error message FICA_COLIABILITY_OBJ126 indicates that there is no correspondence required for a co-liability object in the context of Financial Contract Accounting (FICA). This error typically arises when the system is trying to process a co-liability transaction, but the necessary correspondence settings are not configured or applicable for the specified business partner (BP) and contract account (CA).
  
  Cause:
  
  Missing Correspondence Settings: The system may not have the required correspondence settings for the specified co-liability object.
  Incorrect Configuration: The configuration for co-liability handling in the system may not be set up correctly.
  Business Partner Issues: The business partner (BP) may not be correctly defined or may not have the necessary attributes for co-liability.
  Contract Account Issues: The contract account (CA) may not be properly linked to the business partner or may not have the necessary settings for co-liability.
  
  
  Solution:
  
  
  Check Correspondence Settings:
  
  Navigate to the configuration settings for correspondence in FICA.
  Ensure that the necessary correspondence types are defined