How To Fix FIGLTR_FRX_MESSAGES005 - Posting key &1 is not defined for account type &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FIGLTR_FRX_MESSAGES - Message Class - TR Foreign Exchange Rate Difference Invoices

• Message number: 005

• Message text: Posting key &1 is not defined for account type &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FIGLTR_FRX_MESSAGES005 - Posting key &1 is not defined for account type &2 ?

  The SAP error message FIGLTR_FRX_MESSAGES005 indicates that there is an issue with the posting key being used for a specific account type in the financial transaction. This error typically arises when the system cannot find a valid posting key for the specified account type during a financial posting or transaction.
  Cause:
  
  Undefined Posting Key: The posting key specified in the transaction is not defined in the system for the account type being used. This can happen if the posting key has not been configured correctly in the system.
  Incorrect Account Type: The account type being referenced may not be compatible with the posting key being used.
  Configuration Issues: There may be issues in the configuration settings related to the posting keys and account types in the Financial Accounting (FI) module.
  
  Solution:
  
  
  Check Posting Key Configuration:
  
  Go to the transaction code OB41 (Define Posting Keys) in SAP.
  Verify that the posting key in question is defined for the relevant account type. If it is not defined, you may need to create or modify the posting key settings.
  
  
  
  Review Account Type:
  
  Ensure that the account type being used in the transaction is correct and compatible with the posting key. You can check the account type in the master data of the account being posted to.
  
  
  
  Consult with SAP Basis or FI Consultant:
  
  If you are not able to resolve the issue, it may be necessary to consult with an SAP Basis or FI consultant who can help you review the configuration and make necessary adjustments.
  
  
  
  Check for Customizations:
  
  If your organization has custom developments or enhancements, ensure that they are not interfering with the standard posting key functionality.
  
  
  
  Testing:
  
  After making any changes, perform a test transaction to ensure that the error does not occur again.
  
  
  
  Related Information:
  
  Posting Keys: Posting keys are two-digit numbers that control the type of posting (debit or credit) and the type of account (customer, vendor, asset, etc.) that can be posted to.
  Account Types: Common account types in SAP include:
  
  A: Asset
  L: Liability
  E: Expense
  R: Revenue
  S: Stock
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  OB41: Define Posting Keys
  FS00: Create/Change G/L Account
  FB50: General Ledger Document Entry
  
  
  
  By following these steps, you should be able to identify and resolve the issue related to the error message FIGLTR_FRX_MESSAGES005.