How To Fix FIKW_LOC017 - Maintain retention payment terms or special G/L indicator in Customizing

SAP Error Message - Details

• Message type: E = Error

• Message class: FIKW_LOC - FI Localization for Kuwait

• Message number: 017

• Message text: Maintain retention payment terms or special G/L indicator in Customizing

What causes this issue?

You have not specified the retention payment terms or special G/L
indicator in Customizing.

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?

Make settings in the Customizing activity <ZK>Specify Retention for
Statement of Subcontractors</>.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FIKW_LOC017 - Maintain retention payment terms or special G/L indicator in Customizing ?

  The SAP error message FIKW_LOC017 indicates that there is a configuration issue related to retention payment terms or special G/L indicators in the system. This error typically arises when the system is unable to find the necessary settings for handling retention payments in the financial accounting module.
  Cause:
  The error occurs due to one of the following reasons:
  
  Missing Configuration: The retention payment terms or special G/L indicators have not been defined in the system.
  Incorrect Settings: The existing settings may not be correctly configured to handle retention payments.
  Customizing Issues: The relevant customizing settings in the SAP system may not have been maintained properly.
  
  Solution:
  To resolve the error, you need to perform the following steps:
  
  
  Access Customizing:
  
  Go to the SAP Easy Access screen and enter the transaction code SPRO to access the Customizing menu.
  
  
  
  Navigate to the Relevant Path:
  
  Follow the path: Financial Accounting (New) > Accounts Receivable and Accounts Payable > Business Transactions > Retentions > Define Retention Payment Terms.
  Alternatively, you can check under Special G/L Transactions if you are dealing with special G/L indicators.
  
  
  
  Maintain Retention Payment Terms:
  
  Ensure that the retention payment terms are defined. You may need to create new terms if they do not exist.
  Check if the special G/L indicators are correctly set up for the retention payments.
  
  
  
  Check for Dependencies:
  
  Ensure that any dependencies or prerequisites for the retention payment terms or special G/L indicators are also configured.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction that was causing the error to ensure that the issue is resolved.
  
  
  
  Related Information:
  
  Documentation: Refer to SAP Help documentation for detailed information on configuring retention payment terms and special G/L indicators.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBD2 (for defining special G/L indicators) and OBB8 (for defining payment terms).
  User Roles: Ensure that you have the necessary authorizations to make changes in the Customizing settings.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in Financial Accounting to further investigate the problem.