How To Fix FKBT010 - Bank area &1, acct &2: Enter a valid reference acct for collection

SAP Error Message - Details

• Message type: E = Error

• Message class: FKBT - Alle Nachrichten zum Paket FKBT

• Message number: 010

• Message text: Bank area &1, acct &2: Enter a valid reference acct for collection

What causes this issue?

There is no reference account for the collection. However, a term
agreement needs to be collected.

System Response

The collection for the current term has failed since there is no
reference account from which the amount can be collected.

How to fix this error?

Enter the reference account details for the fixed term agreement account
on the <LS>SAP Easy Access</> screen under <LS>Bank Customer Accounts</>
-> <LS>Account </> -> <LS>Change</>.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FKBT010 - Bank area &1, acct &2: Enter a valid reference acct for collection ?

  The SAP error message FKBT010 indicates that there is an issue with the configuration of a bank area and the associated accounts in the context of the collection process. Specifically, it suggests that a valid reference account for collection has not been entered or is not recognized in the system.
  Cause:
  
  Missing Reference Account: The reference account for the collection process is not defined in the system for the specified bank area and account.
  Incorrect Configuration: The bank area or account may not be properly configured in the system, leading to the inability to identify a valid reference account.
  Data Entry Error: There may be a typographical error in the bank area or account number being used.
  Authorization Issues: The user may not have the necessary permissions to access or modify the bank area or account settings.
  
  Solution:
  
  
  Check Configuration:
  
  Navigate to the configuration settings for the bank area and ensure that a valid reference account is defined.
  Use transaction code OBB2 to check the settings for the bank area and ensure that the reference account is correctly assigned.
  
  
  
  Define Reference Account:
  
  If a reference account is missing, you will need to define it. This can typically be done in the configuration settings for the bank area.
  Ensure that the reference account is valid and active.
  
  
  
  Verify Data Entry:
  
  Double-check the bank area and account numbers entered in the transaction to ensure there are no typographical errors.
  
  
  
  User Authorization:
  
  Ensure that the user has the necessary authorizations to access and modify the bank area and account settings. This may require coordination with your SAP security team.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for additional guidance on configuring bank areas and reference accounts.
  
  
  
  Related Information:
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  OBB2: Configuration for bank area.
  FBZP: Configuration for payment program settings.
  
  
  
  SAP Notes: Check for any SAP Notes related to this error message for potential patches or updates that may address the issue.
  
  
  Support: If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting the SAP Community for further assistance.
  
  
  By following these steps, you should be able to resolve the FKBT010 error and ensure that the reference account for collection is properly configured in your SAP system.